7600 Elm Forest RD, Austin TX 78745

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $520,996. I'd recommend coming to market at $360,000 to $370,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in ELMWOOD ESTATES. Built in 1960, this home is 20 years older than the average comp, which is reflected in the adjustments. The 0.62 acre lot (smaller than the 0.67 acre average) is reflected in the estimate. With 7 similar homes currently listed in ELMWOOD ESTATES (a buyer's market), competition is a factor to consider. The trend in 78745 shows prices have risen 3.3% in the past 6 months. 7505 Forest Wood RD, Austin TX 78745 nearby adjusts to $545,496; with a smaller floor plan. Based on 7 relevant data points in ELMWOOD ESTATES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX