2407 Forest Ave, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $435,819. I'd recommend coming to market at $785,000 to $831,000 to strike the right balance between value and market velocity. In the current LA PRELLE PLACE EXT market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. Being 264 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1947, this home is 23 years older than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in LA PRELLE PLACE EXT (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 2503 S 4th ST, Austin TX 78704 nearby adjusts to $439,330; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group