3108 E 51st ST # 1101, Austin TX 78723

Reviewing the most recent comparable transactions, this home's market value falls around $817,593. For a well positioned listing in GROVE, I'd target the $463,000 to $473,000 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. Being 845 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.00 acres, the lot is smaller than the 0.08 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in GROVE, ranging from $425,000 to $525,000. Recent trends in GROVE show home values have fallen 12.8% since 6 months ago. The most comparable recent sale is 3904 Sightline ST # 125, Austin TX 78731, with an adjusted value of $653,737; with a larger 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