4609 Rosedale Ave, Austin TX 78756

The comparable sales data (7 recent transactions in MELROSE TERRACE) supports an estimated value of $1,341,312. The data suggests a list price between $1,855,000 and $1,955,000 would attract qualified buyers without leaving money on the table. Buyers shopping in MELROSE TERRACE right now would see this as a well positioned option among 7 comparable homes. Being 118 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 1941 (30 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. Prices in 78756 have fallen 13.1% over the last 6 months. A similar home at 2109 W 48th ST, Austin TX 78756 carries an adjusted comparable value of $1,521,705, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in MELROSE TERRACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group