After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $365,120. Pricing this home between $225,000 and $235,000 would put it in the competitive sweet spot for OAK LAWN. Relative to what's currently available in OAK LAWN, this home would be the 2nd most expensive of 4 comparable homes on the market. The larger lot (0.26 acres versus the area average of 0.21) contributes to the valuation. There are currently 4 similar homes on the market in OAK LAWN, ranging from $249,500 to $475,000. Market data shows 78721 prices fallen 7% over the last half year. The closest comparable sale, 1413 S Redondo DR, Austin TX 78721 at an adjusted $429,601, is a strong comparable. With 3 comparable sales in OAK LAWN, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group