4705 Mount Vernon DR, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $480,593. For a well positioned listing in FOREST OAKS, I'd target the $262,000 to $272,000 range. In the current FOREST OAKS market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. At 516 sqft smaller than the typical comp, the size difference factors into the valuation. The 1953 construction puts this home 40 years older than the comp average, a factor in the pricing. Buyers in FOREST OAKS have 7 comparable options right now, with asking prices between $265,000 and $615,000. Recent trends in FOREST OAKS show home values have risen 2.8% since 6 months ago. The most comparable recent sale is 4608 Banister LN, Austin TX 78745, with an adjusted value of $440,419; a strong comparable. 7 comparable transactions in FOREST OAKS 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