912 Philco DR # B, Austin TX 78745

The estimated value of this property is $664,343, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $390,000 and $400,000. With 7 comparable homes on the market in FOREST OAKS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 584 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2012, this home is 19 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in FOREST OAKS (a balanced market), competition is a factor to consider. Recent trends in FOREST OAKS show home values have risen 2.8% since 6 months ago. The most comparable recent sale is 4502 Banister LN # 1, Austin TX 78745, with an adjusted value of $802,489; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group