3108 E 51st ST # 703, Austin TX 78723

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $732,280. To generate strong buyer interest while maximizing value, I'd price this between $407,000 and $417,000. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in GROVE. At 929 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.00 acres, the lot is smaller than the 0.07 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in GROVE, ranging from $425,000 to $515,000. The trend in GROVE shows prices have fallen 12.8% in the past 6 months. 4501 Jackson Ave # 5301, Austin TX 78731 nearby adjusts to $565,843; a strong comparable. 7 comparable transactions in GROVE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group