4002 Palomar LN, Austin TX 78727

The market data from 7 similar recent sales in NORTHWOOD points to a value of approximately $538,566. To sell within a reasonable timeframe at fair market value, the $451,000 to $461,000 range is where I'd position this. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in NORTHWOOD. This home's larger footprint (168 sqft vs the comp average) plays a role in how the market prices it. With 7 similar homes currently listed in NORTHWOOD (a balanced market), competition is a factor to consider. In NORTHWOOD, home values have risen approximately 8.8% over the past 6 months. One of the strongest data points is 4103 Oak Creek DR, Austin TX 78727, adjusting to $643,108; 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