Based on 6 closed sales in MILWOOD, the data points to a value around $474,050 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $505,000 to $510,000. Relative to what's currently available in MILWOOD, this home would be the 2nd most expensive of 5 comparable homes on the market. Lot size matters here: 0.22 acres versus 0.17 for the typical comp. Right now, 5 similar properties are competing for buyers in MILWOOD, listed between $434,995 and $605,000. Market data shows MILWOOD prices fallen 3.7% over the last half year. The closest comparable sale, 13400 GENT DR, Austin TX 78729 at an adjusted $474,828, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in MILWOOD. 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