4515 Merle DR, Austin TX 78745

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $452,859. To generate strong buyer interest while maximizing value, I'd price this between $489,000 and $507,000. With 3 comparable homes on the market in FORD PLACE, this price positions the property as the most affordable of 3 comparable homes on the market. The 1950 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.28 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in FORD PLACE, ranging from $475,000 to $519,000. The trend in FORD PLACE shows prices have fallen 47.9% in the past 6 months. 4419 Clawson RD, Austin TX 78745 nearby adjusts to $434,739; with a smaller floor plan. 3 comparable transactions in FORD PLACE 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