1605 Northwood RD, Austin TX 78703

After reviewing 3 recent transactions in EDGEMONT, I estimate this property's value at $4,191,087. A competitive list price for this home right now would fall in the $5,888,000 to $6,657,000 range. This pricing would rank the home as the most affordable of 7 comparable homes on the market in EDGEMONT's current inventory. The larger floor plan (206 sqft compared to the average comp) is a meaningful differentiator in this price range. At 5 years older than typical comps, the 1941 build date influences the valuation. There are currently 7 similar homes on the market in EDGEMONT, ranging from $3,995,000 to $7,425,000. Prices in 78703 have fallen 0.5% over the last 6 months. A similar home at 1510 Gaston Ave, Austin TX 78703 carries an adjusted comparable value of $3,363,211, providing a strong data point. The comp data here (3 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