4607 RAMSEY Ave, Austin TX 78756

After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $947,491. Pricing this home between $929,000 and $966,000 would put it in the competitive sweet spot for MELROSE TERRACE. This home's position in the current MELROSE TERRACE market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. The 142 sqft size difference versus comparable sales is reflected in the adjusted values. At 5 years older than typical comps, the 1946 build date influences the valuation. 4 similar homes are currently available in MELROSE TERRACE, creating a balanced market for this price range. Market data shows 78756 prices fallen 16.9% over the last half year. The closest comparable sale, 4815 Woodview Ave, Austin TX 78756 at an adjusted $806,822, is with a larger floor plan. The comp data here (6 sales in MELROSE TERRACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus