2204 Southern Oaks DR, Austin TX 78745

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $511,837. To generate strong buyer interest while maximizing value, I'd price this between $444,000 and $454,000. Against 7 similar active listings in FAIRMONT PARK, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (143 sqft vs the comp average) plays a role in how the market prices it. The 1967 construction puts this home 5 years older than the comp average, a factor in the pricing. 7 similar homes are currently available in FAIRMONT PARK, creating a balanced market for this price range. The trend in FAIRMONT PARK shows prices have fallen 4.2% in the past 6 months. 2305 Laramie TRL, Austin TX 78745 nearby adjusts to $620,320; with a larger floor plan. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group