4200 Wayfarer WAY, Austin TX 78731

After reviewing 7 recent transactions in GROVE, I estimate this property's value at $1,070,296. A competitive list price for this home right now would fall in the $1,343,000 to $2,129,000 range. This home's position in the current GROVE market: the most affordable of 6 comparable homes on the market among comparable properties. This home's smaller footprint (201 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 0.10) contributes to the valuation. With 6 similar homes currently listed in GROVE (a buyer's market), competition is a factor to consider. Prices in GROVE have fallen 12.8% over the last 6 months. A similar home at 3906 Emory Peak PASS, Austin TX 78731 carries an adjusted comparable value of $1,050,257, providing a strong data point. The comp data here (7 sales in GROVE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus