1601 Northwood RD, Austin TX 78703

The market data from 5 similar recent sales in EDGEMONT points to a value of approximately $1,291,085. To sell within a reasonable timeframe at fair market value, the $1,414,000 to $1,563,000 range is where I'd position this. Against 7 similar active listings in EDGEMONT, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 254 sqft size difference versus comparable sales is reflected in the adjusted values. The 1960 construction puts this home 9 years newer than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in EDGEMONT, listed between $1,325,990 and $2,250,000. In 78703, home values have fallen approximately 8.4% over the past 6 months. One of the strongest data points is 2312 Indian TRL, Austin TX 78703, adjusting to $1,268,704; a strong comparable. 5 comparable transactions in EDGEMONT 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