4405 Jackson Ave # 3102, Austin TX 78731

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $686,843. I'd recommend coming to market at $393,000 to $403,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in GROVE, this price positions the property as the most expensive of 7 comparable homes on the market. At 1,165 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.00 acre lot (smaller than the 0.07 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in GROVE; a buyer's market based on recent absorption. The trend in GROVE shows prices have fallen 8.5% in the past 6 months. 4501 Jackson Ave # 5301, Austin TX 78731 nearby adjusts to $502,890; with a larger floor plan. Based on 7 relevant data points in GROVE, 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