The comparable sales data (4 recent transactions in SHERWOOD OAKS) supports an estimated value of $497,253. The data suggests a list price between $554,000 and $688,000 would attract qualified buyers without leaving money on the table. This would position the home competitively among 3 active listings in SHERWOOD OAKS. This home's smaller footprint (127 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.14 acres versus 0.18 for the typical comp. Right now, 3 similar properties are competing for buyers in SHERWOOD OAKS, listed between $499,999 and $875,000. Prices in SHERWOOD OAKS have risen 89.9% over the last 6 months. A similar home at 2702 Little John LN, Austin TX 78704 carries an adjusted comparable value of $519,326, providing a strong data point. The strength of this estimate comes from 4 directly comparable sales in SHERWOOD OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group