Taking into account 3 nearby comparable sales, this property's estimated value comes to $808,570. If we were to list this property today, I'd recommend a list price in the $462,000 to $472,000 range. Buyers shopping in MILWOOD right now would see this as a well positioned option among 7 comparable homes. The larger floor plan (145 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.45 acres versus 0.35 for the typical comp. Current inventory shows 7 comparable homes in MILWOOD; a balanced market based on recent absorption. The 6 month price trend in MILWOOD: risen 4%. The best comp here is 12002 Carmel Park LN, Austin TX 78727 at an adjusted value of $673,073, with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in MILWOOD. 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