7203 Elm Forest RD, Austin TX 78745

Based on 7 closed sales in ELMWOOD ESTATES, the data points to a value around $394,800 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $316,000 to $326,000. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in ELMWOOD ESTATES's current inventory. The 219 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1959 (19 years older than comps) is factored into the value estimate. There are currently 7 similar homes on the market in ELMWOOD ESTATES, ranging from $330,000 to $593,000. Market data shows 78745 prices risen 0% over the last half year. The closest comparable sale, 7310 Forest Wood RD, Austin TX 78745 at an adjusted $457,496, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in ELMWOOD ESTATES. 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