1514 Northwood RD, Austin TX 78703

My analysis of 7 comparable properties puts this home's estimated value at $1,513,287. Based on how the local market is moving, a list price between $851,000 and $861,000 would position this home well. This home's position in the current EDGEMONT market: the 2nd most expensive of 5 comparable homes on the market among comparable properties. At 7 years older than typical comps, the 1936 build date influences the valuation. Current inventory shows 5 comparable homes in EDGEMONT; a buyer's market based on recent absorption. The 6 month price trend in 78703: fallen 2.5%. The best comp here is 2101 Elton LN, Austin TX 78703 at an adjusted value of $1,728,551, with a larger floor plan. The comp data here (7 sales in EDGEMONT) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus