2409 Forest Ave, Austin TX 78704

The market data from 5 similar recent sales in LA PRELLE PLACE EXT points to a value of approximately $807,146. To sell within a reasonable timeframe at fair market value, the $605,000 to $615,000 range is where I'd position this. Against 7 similar active listings in LA PRELLE PLACE EXT, this price point lands at the 4th most expensive of 7 comparable homes on the market. The larger floor plan (254 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1947 construction puts this home 9 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in LA PRELLE PLACE EXT, creating a buyer's market for this price range. In 78704, home values have fallen approximately 1.8% over the past 6 months. One of the strongest data points is 3006 Brinwood Ave, Austin TX 78704, adjusting to $1,076,682; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group