3108 E 51st ST # 201, Austin TX 78723

The estimated value of this property is $741,830, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $426,000 and $436,000. In the current GROVE market with 6 similar homes available, this price represents the most expensive of 6 comparable homes on the market. This home's smaller footprint (615 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. Right now, 6 similar properties are competing for buyers in GROVE, listed between $429,900 and $525,000. Recent trends in GROVE show home values have fallen 13.7% since 6 months ago. The most comparable recent sale is 4105 McKinley Fields DR # 88, Austin TX 78731, with an adjusted value of $670,399; 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