Based on 3 closed sales in SOUTHWOOD, the data points to a value around $519,234 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $704,000 to $734,000. This would position the home competitively among 4 active listings in SOUTHWOOD. Lot size matters here: 0.00 acres versus 0.16 for the typical comp. Right now, 4 similar properties are competing for buyers in SOUTHWOOD, listed between $650,000 and $750,000. Market data shows 78704 prices fallen 0.7% over the last half year. The closest comparable sale, 126 Frederick ST, Austin TX 78704 at an adjusted $499,795, is a strong comparable. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
