3601 Palomar LN, Austin TX 78727

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $544,782. I'd recommend coming to market at $599,000 to $600,000 to strike the right balance between value and market velocity. In the current NORTHWOOD market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. At 205 sqft larger than the typical comp, the size difference factors into the valuation. The 0.15 acre lot (smaller than the 0.19 acre average) is reflected in the estimate. There are currently 4 similar homes on the market in NORTHWOOD, ranging from $499,000 to $729,000. The trend in NORTHWOOD shows prices have risen 0.5% in the past 6 months. 12701 Poquoson DR, Austin TX 78727 nearby adjusts to $494,648; with a larger floor plan. Based on 7 relevant data points in NORTHWOOD, 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