3606 Grooms ST, Austin TX 78705

Reviewing the most recent comparable transactions, this home's market value falls around $962,087. For a well positioned listing in WARD, I'd target the $810,000 to $820,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in WARD. The 1917 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.18 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. 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 12% since 6 months ago. The most comparable recent sale is 4005 Avenue F Ave, Austin TX 78751, with an adjusted value of $917,195; a strong comparable. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group