3504 Griffith ST # 5, Austin TX 78705

The estimated value of this property is $222,077, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $226,000 and $232,000. In the current WARD market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. Built in 1962, this home is 5 years older than the average comp, which is reflected in the adjustments. The 0.26 acre lot (larger than the 0.06 acre average) is reflected in the estimate. 3 similar homes are currently available in WARD, creating a buyer's market for this price range. Recent trends in 78705 show home values have fallen 11.7% since 6 months ago. The most comparable recent sale is 400 W 35th ST # 104, Austin TX 78705, with an adjusted value of $219,125; a strong comparable. Based on 7 relevant data points in WARD, 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