5811 Lookout Mountain DR, Austin TX 78731

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,174,039. I'd recommend coming to market at $1,151,000 to $1,198,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in NORTHWEST HILLS. At 243 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1959, this home is 8 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in NORTHWEST HILLS; a seller's market based on recent absorption. The trend in NORTHWEST HILLS shows prices have risen 26% in the past 6 months. 6106 Mountainclimb DR, Austin TX 78731 nearby adjusts to $1,248,300; with a smaller floor plan. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group