1603 Redd ST, Austin TX 78745

After reviewing 4 recent transactions in FORD PLACE, I estimate this property's value at $710,700. A competitive list price for this home right now would fall in the $689,000 to $732,000 range. This pricing would rank the home as the most expensive of 4 comparable homes on the market in FORD PLACE's current inventory. Being 134 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (0.33 acres versus the area average of 0.23) contributes to the valuation. With 4 similar homes currently listed in FORD PLACE (a seller's market), competition is a factor to consider. Prices in FORD PLACE have fallen 47.9% over the last 6 months. A similar home at 4420 Jester DR, Austin TX 78745 carries an adjusted comparable value of $478,238, providing a strong data point. With 4 comparable sales in FORD PLACE, 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