12804 Timberside DR, Austin TX 78727

Reviewing the most recent comparable transactions, this home's market value falls around $517,528. For a well positioned listing in NORTHWOOD, I'd target the $581,000 to $586,000 range. With 6 comparable homes on the market in NORTHWOOD, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. At 0.35 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in NORTHWOOD; a balanced market based on recent absorption. Recent trends in NORTHWOOD show home values have fallen 5.6% since 6 months ago. The most comparable recent sale is 4505 Oak Creek DR, Austin TX 78727, with an adjusted value of $585,912; a strong comparable. 7 comparable transactions in NORTHWOOD 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