5604-B Grover Ave, Austin TX 78756

The market data from 3 similar recent sales in BROADACRES points to a value of approximately $530,127. To sell within a reasonable timeframe at fair market value, the $432,000 to $442,000 range is where I'd position this. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in BROADACRES. The smaller floor plan (105 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2019 construction puts this home 5 years newer than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in BROADACRES; a balanced market based on recent absorption. In BROADACRES, home values have fallen approximately 22.5% over the past 6 months. One of the strongest data points is 7503 Sugar Magnolia ST, Austin TX 78757, adjusting to $490,182; a strong comparable. 3 comparable transactions in BROADACRES support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group