1507 Northwood RD, Austin TX 78703

The estimated value of this property is $1,140,314, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $496,000 and $506,000. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in EDGEMONT. The smaller floor plan (212 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1933, this home is 17 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in EDGEMONT; a buyer's market based on recent absorption. Recent trends in 78703 show home values have fallen 2.5% since 6 months ago. The most comparable recent sale is 1508 Pease RD, Austin TX 78703, with an adjusted value of $976,139; a strong comparable. Based on 7 relevant data points in EDGEMONT, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX