4006 Knollwood DR, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $1,606,304. For a well positioned listing in NORTHWEST HILLS, I'd target the $1,030,000 to $1,040,000 range. In the current NORTHWEST HILLS market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The smaller floor plan (119 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.40 acres, the lot is larger than the 0.37 acre comp average, which factors into pricing. With 3 similar homes currently listed in NORTHWEST HILLS (a balanced market), competition is a factor to consider. Recent trends in NORTHWEST HILLS show home values have risen 13.3% since 6 months ago. The most comparable recent sale is 3802 Rockledge DR, Austin TX 78731, with an adjusted value of $1,858,651; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group