3108 E 51st ST # 301, Austin TX 78723

The market data from 7 similar recent sales in GROVE points to a value of approximately $727,981. To sell within a reasonable timeframe at fair market value, the $366,000 to $376,000 range is where I'd position this. Against 7 similar active listings in GROVE, this price point lands at the most expensive of 7 comparable homes on the market. Being 902 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 0.07 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in GROVE, ranging from $360,000 to $545,000. In GROVE, home values have fallen approximately 12.8% over the past 6 months. One of the strongest data points is 4415 Jackson Ave # 4301, Austin TX 78731, adjusting to $615,580; with a smaller floor plan. 7 comparable transactions in GROVE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group