4704 Richmond Ave, Austin TX 78745

The market data from 4 similar recent sales in GREENWOOD FOREST points to a value of approximately $483,532. To sell within a reasonable timeframe at fair market value, the $518,000 to $525,000 range is where I'd position this. In the current GREENWOOD FOREST market with 5 similar homes available, this price represents the 3rd most expensive of 5 comparable homes on the market. The 1966 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.28 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. The active market in GREENWOOD FOREST includes 5 comparable homes priced from $450,000 to $649,950. In GREENWOOD FOREST, home values have fallen approximately 48.8% over the past 6 months. One of the strongest data points is 4800 Lansing DR, Austin TX 78745, adjusting to $406,515; with a smaller floor plan. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group