4602 Rosedale Ave, Austin TX 78756

The market data from 7 similar recent sales in MELROSE TERRACE points to a value of approximately $1,048,307. To sell within a reasonable timeframe at fair market value, the $1,290,000 to $1,429,000 range is where I'd position this. In the current MELROSE TERRACE market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. At 150 sqft larger than the typical comp, the size difference factors into the valuation. At 0.15 acres, the lot is smaller than the 0.29 acre comp average, which factors into pricing. 7 similar homes are currently available in MELROSE TERRACE, creating a balanced market for this price range. In 78756, home values have fallen approximately 13.9% over the past 6 months. One of the strongest data points is 4815 Woodview Ave, Austin TX 78756, adjusting to $899,973; with a smaller floor plan. 7 comparable transactions in MELROSE TERRACE 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