1501 Northwood RD, Austin TX 78703

The estimated value of this property is $1,387,807, based on 6 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,379,000 and $1,477,000. With 5 comparable homes on the market in EDGEMONT, this price positions the property as the most expensive of 5 comparable homes on the market. Built in 1933, this home is 7 years older than the average comp, which is reflected in the adjustments. There are currently 5 similar homes on the market in EDGEMONT, ranging from $1,250,000 to $1,349,000. Recent trends in 78703 show home values have fallen 6.9% since 6 months ago. The most comparable recent sale is 1619 Mohle DR, Austin TX 78703, with an adjusted value of $1,312,815; with a larger floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group