1506 Forest TRL # 108, Austin TX 78703

After reviewing 7 recent transactions in FOREST OAKS CONDO, I estimate this property's value at $356,469. A competitive list price for this home right now would fall in the $233,000 to $243,000 range. Buyers shopping in FOREST OAKS CONDO right now would see this as a well positioned option among 7 comparable homes. At 18 years newer than typical comps, the 1985 build date influences the valuation. The smaller lot (0.03 acres versus the area average of 0.10) contributes to the valuation. 7 similar homes are currently available in FOREST OAKS CONDO, creating a buyer's market for this price range. Prices in 78703 have fallen 9.3% over the last 6 months. A similar home at 1500 Woodlawn BLVD # 102, Austin TX 78703 carries an adjusted comparable value of $332,173, providing a strong data point. With 7 comparable sales in FOREST OAKS CONDO, 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