4405 Jackson Ave # 3204, Austin TX 78731

The market data from 7 similar recent sales in GROVE points to a value of approximately $684,339. To sell within a reasonable timeframe at fair market value, the $553,000 to $563,000 range is where I'd position this. In the current GROVE market with 4 similar homes available, this price represents the 0th most expensive of 4 comparable homes on the market. The smaller floor plan (863 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.02 acres, the lot is smaller than the 0.09 acre comp average, which factors into pricing. The active market in GROVE includes 4 comparable homes priced from $535,000 to $599,000. In GROVE, home values have risen approximately 13.9% over the past 6 months. One of the strongest data points is 4501 Jackson Ave # 5301, Austin TX 78731, adjusting to $590,727; a strong comparable. The 7 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