900 Philco DR, Austin TX 78745

The market data from 7 similar recent sales in FOREST OAKS points to a value of approximately $544,006. To sell within a reasonable timeframe at fair market value, the $463,000 to $473,000 range is where I'd position this. With 4 comparable homes on the market in FOREST OAKS, this price positions the property as the most expensive of 4 comparable homes on the market. The 1954 construction puts this home 39 years older than the comp average, a factor in the pricing. At 0.27 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. Right now, 4 similar properties are competing for buyers in FOREST OAKS, listed between $455,000 and $594,995. In FOREST OAKS, home values have fallen approximately 2.1% over the past 6 months. One of the strongest data points is 4608 Banister LN, Austin TX 78745, adjusting to $499,950; with a smaller floor plan. 7 comparable transactions in FOREST OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group