1512 Northwood DR, Marble Falls TX 78654

The market data from 7 similar recent sales in NORTHWOOD ACRES points to a value of approximately $356,976. To sell within a reasonable timeframe at fair market value, the $250,000 to $260,000 range is where I'd position this. Against 4 similar active listings in NORTHWOOD ACRES, this price point lands at the most expensive of 4 comparable homes on the market. The 1971 construction puts this home 23 years older than the comp average, a factor in the pricing. At 0.60 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in NORTHWOOD ACRES, ranging from $220,000 to $1,825,000. In 78654, home values have fallen approximately 21.9% over the past 6 months. One of the strongest data points is 1110 Monterrey Oak CIR, Marble Falls TX 78654, adjusting to $489,625; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group