615 W 31 1/2 ST, Austin TX 78705

Based on 4 closed sales in GYPSY GROVE, the data points to a value around $979,406 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $380,000 to $390,000. This home's position in the current GYPSY GROVE market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. The 108 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1928 (10 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in GYPSY GROVE (a buyer's market), competition is a factor to consider. Market data shows 78705 prices fallen 16% over the last half year. The closest comparable sale, 4413 Bellvue Ave, Austin TX 78756 at an adjusted $1,027,893, is with a larger floor plan. The strength of this estimate comes from 4 directly comparable sales in GYPSY GROVE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group