1505 Northwood DR, Marble Falls TX 78654

The estimated value of this property is $423,083, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $342,000 and $354,000. With 3 comparable homes on the market in NORTHWOOD ACRES, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Being 405 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1974, this home is 18 years older than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in NORTHWOOD ACRES, listed between $359,000 and $440,000. Recent trends in 78654 show home values have fallen 22.2% since 6 months ago. The most comparable recent sale is 1412 Ocotilla DR, Marble Falls TX 78654, with an adjusted value of $206,261; with a larger floor plan. Based on 7 relevant data points in NORTHWOOD ACRES, 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