8704 Melshire DR, Austin TX 78757

Taking into account 4 nearby comparable sales, this property's estimated value comes to $721,245. If we were to list this property today, I'd recommend a list price in the $471,000 to $481,000 range. This pricing would rank the home as the 3rd least expensive of 6 comparable homes on the market in NORTHWEST TERRACE's current inventory. This home's larger footprint (166 sqft vs the comp average) plays a role in how the market prices it. Being built in 1971 (5 years newer than comps) is factored into the value estimate. With 6 similar homes currently listed in NORTHWEST TERRACE (a balanced market), competition is a factor to consider. The 6 month price trend in 78757: fallen 4.8%. The best comp here is 8611 Winding WALK, Austin TX 78757 at an adjusted value of $875,235, with a smaller floor plan. The strength of this estimate comes from 4 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