8600 Melshire DR, Austin TX 78757

The estimated value of this property is $707,906, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $547,000 and $557,000. With 7 comparable homes on the market in NORTHWEST TERRACE, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Built in 1972, this home is 6 years newer than the average comp, which is reflected in the adjustments. The active market in NORTHWEST TERRACE includes 7 comparable homes priced from $499,500 to $850,000. Recent trends in 78757 show home values have risen 8.9% since 6 months ago. The most comparable recent sale is 8611 Winding WALK, Austin TX 78757, with an adjusted value of $823,476; a strong comparable. Based on 7 relevant data points in NORTHWEST TERRACE, 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