5002 Woodrow Ave, Austin TX 78756

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,194,894. I'd recommend coming to market at $867,000 to $877,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in 78756, this price positions the property as the most expensive of 3 comparable homes on the market. Built in 2013, this home is 7 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 78756; a balanced market based on recent absorption. The trend in 78756 shows prices have fallen 11.5% in the past 6 months. 3612 Oakmont BLVD, Austin TX 78731 nearby adjusts to $950,225; a strong comparable. Based on 3 relevant data points in 78756, 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