4500 Gillis ST, Austin TX 78745

The market data from 7 similar recent sales in FOREST OAKS points to a value of approximately $546,840. To sell within a reasonable timeframe at fair market value, the $324,000 to $334,000 range is where I'd position this. With 7 comparable homes on the market in FOREST OAKS, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Being 152 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1953 construction puts this home 39 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in FOREST OAKS; a balanced market based on recent absorption. In FOREST OAKS, home values have risen approximately 2.8% over the past 6 months. One of the strongest data points is 4605 Hank Ave, Austin TX 78745, adjusting to $451,631; 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