901 Prospect Ave, Austin TX 78702

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $698,218. I'd recommend coming to market at $539,000 to $549,000 to strike the right balance between value and market velocity. In the current GRANDVIEW PLACE market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. Built in 1935, this home is 50 years older than the average comp, which is reflected in the adjustments. The 0.08 acre lot (smaller than the 0.13 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in GRANDVIEW PLACE, ranging from $499,000 to $914,000. The trend in GRANDVIEW PLACE shows prices have fallen 2.4% in the past 6 months. 2111 E 8th ST, Austin TX 78702 nearby adjusts to $588,806; with a larger floor plan. Based on 7 relevant data points in GRANDVIEW PLACE, 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