7511 Elm Forest RD, Austin TX 78745

The estimated value of this property is $537,060, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $468,000 and $478,000. With 7 comparable homes on the market in ELMWOOD ESTATES, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The pool is a standout feature, with 6 of 7 comparable homes not offering one. The 0.51 acre lot (larger than the 0.15 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in ELMWOOD ESTATES; a buyer's market based on recent absorption. Recent trends in 78745 show home values have risen 1.3% since 6 months ago. The most comparable recent sale is 1101 Brecon LN, Austin TX 78748, with an adjusted value of $532,791; a strong comparable. 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