1500 Summit ST # 1, Austin TX 78741

After reviewing 7 recent transactions in ELMHURST OF LTS &6, I estimate this property's value at $1,542,318. A competitive list price for this home right now would fall in the $774,000 to $784,000 range. This would position the home competitively among 7 active listings in ELMHURST OF LTS &6. At 21 years newer than typical comps, the 2008 build date influences the valuation. The larger lot (0.60 acres versus the area average of 0.15) contributes to the valuation. There are currently 7 similar homes on the market in ELMHURST OF LTS &6, ranging from $750,000 to $2,150,000. Prices in 78741 have fallen 1.6% over the last 6 months. A similar home at 1500 Summit ST # 4, Austin TX 78741 carries an adjusted comparable value of $952,000, providing a strong data point. With 7 comparable sales in ELMHURST OF LTS &6, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group