1302 Old Cedar LN, Austin TX 78758

The market data from 7 similar recent sales in RIVER OAK LAKE ESTATES points to a value of approximately $507,022. To sell within a reasonable timeframe at fair market value, the $547,000 to $575,000 range is where I'd position this. In the current RIVER OAK LAKE ESTATES market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. At 0.33 acres, the lot is larger than the 0.29 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in RIVER OAK LAKE ESTATES; a balanced market based on recent absorption. In RIVER OAK LAKE ESTATES, home values have fallen approximately 19.5% over the past 6 months. One of the strongest data points is 12312 Blue Water DR, Austin TX 78758, adjusting to $383,807; a strong comparable. 7 comparable transactions in RIVER OAK LAKE ESTATES 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