4515 Ramsey Ave, Austin TX 78756

Based on 7 closed sales in MELROSE TERRACE, the data points to a value around $596,535 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $400,000 to $410,000. Buyers shopping in MELROSE TERRACE right now would see this as a well positioned option among 7 comparable homes. Being built in 1939 (12 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in MELROSE TERRACE; a balanced market based on recent absorption. Market data shows 78756 prices fallen 9.1% over the last half year. The closest comparable sale, 2621 W 45th ST, Austin TX 78731 at an adjusted $534,218, is a strong comparable. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus