4500 Gillis ST, Austin TX 78745

The market data from 7 similar recent sales in FOREST OAKS points to a value of approximately $552,871. To sell within a reasonable timeframe at fair market value, the $561,000 to $591,000 range is where I'd position this. With 3 comparable homes on the market in FOREST OAKS, this price positions the property as the 0th most expensive of 3 comparable homes on the market. The 1953 construction puts this home 30 years older than the comp average, a factor in the pricing. At 0.33 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in FOREST OAKS; a seller's market based on recent absorption. In FOREST OAKS, home values have fallen approximately 12.3% over the past 6 months. One of the strongest data points is 4605 Hank Ave, Austin TX 78745, adjusting to $451,791; a strong comparable. 7 comparable transactions in FOREST OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group