The comparable sales data (5 recent transactions in OAKMONT HEIGHTS) supports an estimated value of $583,222. The data suggests a list price between $377,000 and $387,000 would attract qualified buyers without leaving money on the table. This home's position in the current OAKMONT HEIGHTS market: the most expensive of 7 comparable homes on the market among comparable properties. The larger floor plan (180 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1957 (6 years newer than comps) is factored into the value estimate. There are currently 7 similar homes on the market in OAKMONT HEIGHTS, ranging from $394,900 to $995,000. Prices in 78731 have fallen 7% over the last 6 months. A similar home at 5215 Woodrow Ave, Austin TX 78756 carries an adjusted comparable value of $565,267, providing a strong data point. The strength of this estimate comes from 5 directly comparable sales in OAKMONT HEIGHTS. 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