4607 Pelham DR, Austin TX 78727

My analysis of 3 comparable properties puts this home's estimated value at $539,824. Based on how the local market is moving, a list price between $394,000 and $404,000 would position this home well. This home's position in the current MILWOOD market: the most expensive of 3 comparable homes on the market among comparable properties. The larger lot (0.28 acres versus the area average of 0.22) contributes to the valuation. Current inventory shows 3 comparable homes in MILWOOD; a balanced market based on recent absorption. The 6 month price trend in MILWOOD: risen 5.2%. The best comp here is 12022 Carmel Park LN, Austin TX 78727 at an adjusted value of $519,978, with a larger floor plan. With 3 comparable sales in MILWOOD, 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