8606 Melshire DR, Austin TX 78757

The comparable sales data (5 recent transactions in NORTHWEST TERRACE) supports an estimated value of $752,205. The data suggests a list price between $589,000 and $599,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in NORTHWEST TERRACE's current inventory. The larger floor plan (181 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1971 (5 years newer than comps) is factored into the value estimate. With 7 similar homes currently listed in NORTHWEST TERRACE (a balanced market), competition is a factor to consider. Prices in 78757 have fallen 2% over the last 6 months. A similar home at 8611 Winding WALK, Austin TX 78757 carries an adjusted comparable value of $883,063, providing a strong data point. The strength of this estimate comes from 5 directly comparable sales in NORTHWEST TERRACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group