7507 ELM FOREST RD, Austin TX 78745

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $513,191. I'd recommend coming to market at $349,000 to $359,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in ELMWOOD ESTATES, this price positions the property as the most expensive of 7 comparable homes on the market. Built in 1955, this home is 34 years older than the average comp, which is reflected in the adjustments. The 0.51 acre lot (smaller than the 0.58 acre average) is reflected in the estimate. Buyers in ELMWOOD ESTATES have 7 comparable options right now, with asking prices between $345,000 and $449,990. The trend in 78745 shows prices have risen 2.2% in the past 6 months. 7505 Forest Wood RD, Austin TX 78745 nearby adjusts to $540,576; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group