4502 Merle DR, Austin TX 78745

My analysis of 5 comparable properties puts this home's estimated value at $427,892. Based on how the local market is moving, a list price between $489,000 and $551,000 would position this home well. This home's position in the current FORD PLACE market: the 2nd least expensive of 5 comparable homes on the market among comparable properties. At 6 years older than typical comps, the 1953 build date influences the valuation. The larger lot (0.25 acres versus the area average of 0.21) contributes to the valuation. Buyers in FORD PLACE have 5 comparable options right now, with asking prices between $420,000 and $700,000. The best comp here is 4413 Russell DR, Austin TX 78745 at an adjusted value of $488,578, with a smaller floor plan. With 5 comparable sales in FORD PLACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group