11601 Bell Ave, Austin TX 78759

Based on 7 closed sales in SUMMIT OAKS, the data points to a value around $563,323 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $379,000 to $389,000. Buyers shopping in SUMMIT OAKS right now would see this as a well positioned option among 7 comparable homes. Being built in 1965 (8 years older than comps) is factored into the value estimate. Lot size matters here: 0.60 acres versus 0.24 for the typical comp. With 7 similar homes currently listed in SUMMIT OAKS (a balanced market), competition is a factor to consider. Market data shows 78759 prices risen 5.3% over the last half year. The closest comparable sale, 11801 Bell Ave, Austin TX 78759 at an adjusted $501,185, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in SUMMIT OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group