7602 Forest Wood RD, Austin TX 78745

The estimated value of this property is $396,620, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $201,000 and $211,000. Against 7 similar active listings in ELMWOOD ESTATES, this price point lands at the 3rd most expensive of 7 comparable homes on the market. At 288 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1963, this home is 14 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in ELMWOOD ESTATES, listed between $199,000 and $695,000. Recent trends in 78745 show home values have risen 0.7% since 6 months ago. The most comparable recent sale is 7505 Forest Wood RD, Austin TX 78745, with an adjusted value of $455,698; with a larger 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