7201 Forest Wood RD, Austin TX 78745

After reviewing 7 recent transactions in ELMWOOD ESTATES, I estimate this property's value at $414,662. A competitive list price for this home right now would fall in the $337,000 to $347,000 range. This pricing would rank the home as the most expensive of 7 comparable homes on the market in ELMWOOD ESTATES's current inventory. The smaller floor plan (232 sqft compared to the average comp) is a meaningful differentiator in this price range. At 18 years older than typical comps, the 1962 build date influences the valuation. There are currently 7 similar homes on the market in ELMWOOD ESTATES, ranging from $330,000 to $593,000. Prices in 78745 have fallen 4.4% over the last 6 months. A similar home at 7310 Forest Wood RD, Austin TX 78745 carries an adjusted comparable value of $464,134, providing a strong data point. With 7 comparable sales in ELMWOOD ESTATES, 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