The estimated value of this property is $472,240, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $371,000 and $381,000. With 7 comparable homes on the market in MILWOOD, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The 0.20 acre lot (larger than the 0.17 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in MILWOOD; a balanced market based on recent absorption. Recent trends in MILWOOD show home values have risen 5.2% since 6 months ago. The most comparable recent sale is 4812 Pelham DR, Austin TX 78727, with an adjusted value of $485,059; a strong comparable. 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