903 Philco DR, Austin TX 78745

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $555,368. To generate strong buyer interest while maximizing value, I'd price this between $476,000 and $486,000. With 5 comparable homes on the market in FOREST OAKS, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. The 1954 construction puts this home 39 years older than the comp average, a factor in the pricing. At 0.25 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in FOREST OAKS, listed between $455,000 and $669,000. The trend in FOREST OAKS shows prices have fallen 1.3% in the past 6 months. 4601 Hank Ave # 3, Austin TX 78745 nearby adjusts to $565,615; a strong comparable. 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