3108 E 51st ST # 701, Austin TX 78723

After reviewing 7 recent transactions in GROVE, I estimate this property's value at $763,461. A competitive list price for this home right now would fall in the $455,000 to $465,000 range. Buyers shopping in GROVE right now would see this as a well positioned option among 3 comparable homes. This home's smaller footprint (1,042 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.00 acres versus the area average of 0.06) contributes to the valuation. Right now, 3 similar properties are competing for buyers in GROVE, listed between $440,800 and $495,000. Prices in GROVE have fallen 14.8% over the last 6 months. A similar home at 4105 McKinley Fields DR # 88, Austin TX 78731 carries an adjusted comparable value of $629,262, providing a strong data point. With 7 comparable sales in GROVE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group