3203 Walnut Ave, Austin TX 78722

The market data from 6 similar recent sales in FOREST HILLS points to a value of approximately $873,038. To sell within a reasonable timeframe at fair market value, the $745,000 to $755,000 range is where I'd position this. With 7 comparable homes on the market in FOREST HILLS, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The larger floor plan (232 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.27 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in FOREST HILLS, listed between $745,000 and $1,049,000. In FOREST HILLS, home values have fallen approximately 38.5% over the past 6 months. One of the strongest data points is 2806 Breeze TER, Austin TX 78722, adjusting to $704,382; with a smaller floor plan. The 6 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