Based on 7 closed sales in ELMWOOD ESTATES, the data points to a value around $431,773 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $359,000 to $369,000. This pricing would rank the home as the most expensive of 7 comparable homes on the market in ELMWOOD ESTATES's current inventory. This home's smaller footprint (145 sqft vs the comp average) plays a role in how the market prices it. Being built in 1966 (13 years older than comps) is factored into the value estimate. There are currently 7 similar homes on the market in ELMWOOD ESTATES, ranging from $375,000 to $675,000. Market data shows 78745 prices risen 2.2% over the last half year. The closest comparable sale, 7505 Forest Wood RD, Austin TX 78745 at an adjusted $526,575, is a strong comparable. 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
