11510 Oak Knoll DR, Austin TX 78759

The market data from 7 similar recent sales in OAK FOREST points to a value of approximately $562,869. To sell within a reasonable timeframe at fair market value, the $229,000 to $239,000 range is where I'd position this. With 4 comparable homes on the market in OAK FOREST, this price positions the property as the most expensive of 4 comparable homes on the market. The smaller floor plan (102 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.28 acres, the lot is larger than the 0.23 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in OAK FOREST; a balanced market based on recent absorption. In OAK FOREST, home values have fallen approximately 3% over the past 6 months. One of the strongest data points is 7108 Vallecito DR, Austin TX 78759, adjusting to $531,642; a strong comparable. 7 comparable transactions in OAK FOREST 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