3309 Grooms ST # 2, Austin TX 78705

The estimated value of this property is $370,397, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $293,000 and $303,000. Against 7 similar active listings in ESCALA TH CONDO, this price point lands at the 2nd most expensive of 7 comparable homes on the market. Built in 1949, this home is 14 years older than the average comp, which is reflected in the adjustments. The 0.03 acre lot (smaller than the 0.10 acre average) is reflected in the estimate. With 7 similar homes currently listed in ESCALA TH CONDO (a buyer's market), competition is a factor to consider. Recent trends in 78705 show home values have fallen 12.3% since 6 months ago. The most comparable recent sale is 1310 Harriet CT, Austin TX 78756, with an adjusted value of $382,859; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group