1304 Spearson LN, Austin TX 78745

Based on 6 closed sales in COOPER OAKS, the data points to a value around $389,000 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $406,000 to $408,000. This home's position in the current COOPER OAKS market: the most expensive of 4 comparable homes on the market among comparable properties. Being built in 1978 (6 years newer than comps) is factored into the value estimate. Lot size matters here: 0.24 acres versus 0.21 for the typical comp. There are currently 4 similar homes on the market in COOPER OAKS, ranging from $359,000 to $385,000. Market data shows COOPER OAKS prices fallen 13.3% over the last half year. The closest comparable sale, 6408 King George DR, Austin TX 78745 at an adjusted $456,428, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in COOPER 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