804 Northwestern Ave, Austin TX 78702

Based on 7 closed sales in GRANDVIEW PLACE, the data points to a value around $441,362 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $160,000 to $170,000. Relative to what's currently available in GRANDVIEW PLACE, this home would be the most expensive of 6 comparable homes on the market. This home's smaller footprint (710 sqft vs the comp average) plays a role in how the market prices it. Being built in 1946 (21 years older than comps) is factored into the value estimate. Current inventory shows 6 comparable homes in GRANDVIEW PLACE; a balanced market based on recent absorption. Market data shows GRANDVIEW PLACE prices fallen 19.5% over the last half year. The closest comparable sale, 2405 E 10th ST, Austin TX 78702 at an adjusted $321,042, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in GRANDVIEW PLACE. 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