4424 Diane DR, Austin TX 78745

The market data from 7 similar recent sales in FORD PLACE points to a value of approximately $453,208. To sell within a reasonable timeframe at fair market value, the $440,000 to $467,000 range is where I'd position this. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in FORD PLACE. Being 617 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1955 construction puts this home 27 years older than the comp average, a factor in the pricing. Current inventory shows 1 comparable homes in FORD PLACE; a seller's market based on recent absorption. In FORD PLACE, home values have fallen approximately 47.9% over the past 6 months. One of the strongest data points is 4509 Merle DR, Austin TX 78745, adjusting to $480,212; a strong comparable. The 7 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