7705 Forest Wood 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 $532,638. I'd recommend coming to market at $533,000 to $556,000 to strike the right balance between value and market velocity. In the current ELMWOOD ESTATES market with 7 similar homes available, this price represents 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. Built in 1960, this home is 43 years older than the average comp, which is reflected in the adjustments. 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 1.1% in the past 6 months. 7500 Forest Wood RD, Austin TX 78745 nearby adjusts to $457,976; 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