3700 Palomar LN, Austin TX 78727

Reviewing the most recent comparable transactions, this home's market value falls around $580,948. For a well positioned listing in NORTHWOOD, I'd target the $631,000 to $681,000 range. Against 6 similar active listings in NORTHWOOD, this price point lands at the 3rd most expensive of 6 comparable homes on the market. At 0.40 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in NORTHWOOD; a buyer's market based on recent absorption. Recent trends in NORTHWOOD show home values have risen 1.9% since 6 months ago. The most comparable recent sale is 4504 Oak Creek DR, Austin TX 78727, with an adjusted value of $507,245; a strong comparable. 7 comparable transactions in NORTHWOOD 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