8703 Melshire DR, Austin TX 78757

Based on 5 closed sales in NORTHWEST TERRACE, the data points to a value around $741,494 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $593,000 to $603,000. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in NORTHWEST TERRACE's current inventory. At 236 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1971 (5 years newer than comps) is factored into the value estimate. Buyers in NORTHWEST TERRACE have 7 comparable options right now, with asking prices between $550,000 and $879,000. Market data shows 78757 prices fallen 1.9% over the last half year. The closest comparable sale, 8611 Winding WALK, Austin TX 78757 at an adjusted $882,465, is with a smaller floor plan. 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