3108 E 51st ST # 1001, Austin TX 78723

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $752,330. I'd recommend coming to market at $384,000 to $394,000 to strike the right balance between value and market velocity. Against 3 similar active listings in GROVE, this price point lands at the most expensive of 3 comparable homes on the market. This home's smaller footprint (633 sqft vs the comp average) plays a role in how the market prices it. The 0.00 acre lot (smaller than the 0.07 acre average) is reflected in the estimate. With 3 similar homes currently listed in GROVE (a seller's market), competition is a factor to consider. The trend in GROVE shows prices have fallen 15% in the past 6 months. 4105 McKinley Fields DR # 88, Austin TX 78731 nearby adjusts to $669,885; with a larger 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