Based on what similar homes have actually sold for within a mile, I'd place this property's value at $2,628,573. I'd recommend coming to market at $2,138,000 to $2,148,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SHERWOOD OAKS, this price point stands out as competitive. With 5 similar homes currently listed in SHERWOOD OAKS (a buyer's market), competition is a factor to consider. The trend in SHERWOOD OAKS shows prices have risen 89.9% in the past 6 months. 2611 Sherwood LN, Austin TX 78704 nearby adjusts to $1,540,728; with a smaller floor plan and a pool. Based on 5 relevant data points in SHERWOOD OAKS, 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
