7204 Forest Wood RD, Austin TX 78745

The comparable sales data (7 recent transactions in ELMWOOD ESTATES) supports an estimated value of $376,108. The data suggests a list price between $184,000 and $194,000 would attract qualified buyers without leaving money on the table. This home's position in the current ELMWOOD ESTATES market: the most expensive of 7 comparable homes on the market among comparable properties. This home's smaller footprint (334 sqft vs the comp average) plays a role in how the market prices it. Being built in 1961 (14 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in ELMWOOD ESTATES; a buyer's market based on recent absorption. Prices in 78745 have risen 2.2% over the last 6 months. A similar home at 7505 Forest Wood RD, Austin TX 78745 carries an adjusted comparable value of $428,195, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus