1109 Matthews, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $544,594. For a well positioned listing in ELMWOOD ESTATES, I'd target the $425,000 to $435,000 range. In the current ELMWOOD ESTATES market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 1962 construction puts this home 20 years older than the comp average, a factor in the pricing. At 2.12 acres, the lot is larger than the 0.40 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in ELMWOOD ESTATES, listed between $405,000 and $524,990. The most comparable recent sale is 7505 Forest Wood RD, Austin TX 78745, with an adjusted value of $632,301; with a smaller floor plan. 7 comparable transactions in ELMWOOD ESTATES 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