6401 Forest Hills DR, Austin TX 78746

After reviewing 7 recent transactions in KNOLLWOOD, I estimate this property's value at $1,353,310. A competitive list price for this home right now would fall in the $735,000 to $745,000 range. Relative to what's currently available in KNOLLWOOD, this home would be the 2nd most expensive of 6 comparable homes on the market. At 25 years newer than typical comps, the 2005 build date influences the valuation. The larger lot (1.68 acres versus the area average of 0.47) contributes to the valuation. Current inventory shows 6 comparable homes in KNOLLWOOD; a buyer's market based on recent absorption. Prices in KNOLLWOOD have fallen 5.2% over the last 6 months. A similar home at 5908 Front Royal DR, Austin TX 78746 carries an adjusted comparable value of $1,492,218, providing a strong data point. With 7 comparable sales in KNOLLWOOD, 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