Reviewing the most recent comparable transactions, this home's market value falls around $494,241. For a well positioned listing in PARKWOOD, I'd target the $507,000 to $508,000 range. Against 7 similar active listings in PARKWOOD, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (257 sqft compared to the average comp) is a meaningful differentiator in this price range. 7 similar homes are currently available in PARKWOOD, creating for this price range. Recent trends in PARKWOOD show home values have fallen 5.9% since 6 months ago. The most comparable recent sale is 1132 Brecon LN, Austin TX 78748, with an adjusted value of $505,167; with a smaller floor plan. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group