6807 Edgefield DR, Austin TX 78731

The market data from 3 similar recent sales in NORTHWEST HILLS points to a value of approximately $1,578,140. To sell within a reasonable timeframe at fair market value, the $947,000 to $957,000 range is where I'd position this. In the current NORTHWEST HILLS market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. At 0.29 acres, the lot is smaller than the 0.35 acre comp average, which factors into pricing. With 7 similar homes currently listed in NORTHWEST HILLS (a balanced market), competition is a factor to consider. In NORTHWEST HILLS, home values have risen approximately 8% over the past 6 months. One of the strongest data points is 3802 Rockledge DR, Austin TX 78731, adjusting to $1,920,539; a strong comparable. 3 comparable transactions in NORTHWEST HILLS 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