1163 Holmes CT, Austin TX 78702

Based on 7 closed sales in ROSEWOOD, the data points to a value around $604,003 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $493,000 to $503,000. Buyers shopping in ROSEWOOD right now would see this as a well positioned option among 7 comparable homes. Being 160 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1970 (33 years older than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in ROSEWOOD, listed between $449,000 and $829,500. Market data shows 78702 prices fallen 8.4% over the last half year. The closest comparable sale, 1037 Nile ST # 3, Austin TX 78702 at an adjusted $602,780, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in ROSEWOOD. 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