12104 Conrad RD, Austin TX 78727

Reviewing the most recent comparable transactions, this home's market value falls around $606,028. For a well positioned listing in SUMMIT OAKS, I'd target the $478,000 to $488,000 range. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in SUMMIT OAKS. The 1993 construction puts this home 11 years newer than the comp average, a factor in the pricing. At 0.52 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. With 7 similar homes currently listed in SUMMIT OAKS (a buyer's market), competition is a factor to consider. Recent trends in 78727 show home values have fallen 8% since 6 months ago. The most comparable recent sale is 5701 Sierra Madre, Austin TX 78759, with an adjusted value of $593,032; a strong comparable. 7 comparable transactions in SUMMIT OAKS 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