Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $315,551. I'd recommend coming to market at $306,000 to $325,000 to strike the right balance between value and market velocity. Against 3 similar active listings in TEXAS OAKS, this price point lands at the most expensive of 3 comparable homes on the market. The 137 sqft size difference versus comparable sales is reflected in the adjusted values. Right now, 3 similar properties are competing for buyers in TEXAS OAKS, listed between $284,900 and $325,000. The trend in TEXAS OAKS shows prices have fallen 2.8% in the past 6 months. 10716 N Platt River DR, Austin TX 78748 nearby adjusts to $256,624; with a larger floor plan. With 5 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