3108 E 51st ST # 101, Austin TX 78723

Reviewing the most recent comparable transactions, this home's market value falls around $754,799. For a well positioned listing in GROVE, I'd target the $391,000 to $401,000 range. With 7 comparable homes on the market in GROVE, this price positions the property as the most expensive of 7 comparable homes on the market. This home's smaller footprint (1,066 sqft vs the comp average) plays a role in how the market prices it. The 2016 construction puts this home 5 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in GROVE (a balanced market), competition is a factor to consider. Recent trends in GROVE show home values have fallen 13.5% since 6 months ago. The most comparable recent sale is 4501 Jackson Ave # 5301, Austin TX 78731, with an adjusted value of $582,085; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group