3108 E 51st ST # 1501, Austin TX 78723

Based on 7 closed sales in GROVE, the data points to a value around $795,967 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $360,000 to $370,000. Buyers shopping in GROVE right now would see this as a well positioned option among 7 comparable homes. The smaller floor plan (984 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.00 acres versus 0.08 for the typical comp. Buyers in GROVE have 7 comparable options right now, with asking prices between $374,000 and $525,000. Market data shows GROVE prices fallen 15% over the last half year. The closest comparable sale, 4105 McKinley Fields DR # 88, Austin TX 78731 at an adjusted $628,527, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in GROVE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group