3108 E 51st ST # 801, Austin TX 78723

7 recent sales in the surrounding area of this address suggest a current value of $841,482. My recommended list price range for this property would be $406,000 to $416,000. In the current GROVE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 883 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.10 acre lot (larger than the 0.07 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in GROVE; a seller's market based on recent absorption. In GROVE, home values have fallen approximately 15% over the past 6 months. One of the strongest data points is 4415 Jackson Ave # 4301, Austin TX 78731, adjusting to $608,780; with a smaller floor plan. Based on 7 relevant data points in GROVE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX