2306 Fair Oaks DR, Austin TX 78745

Based on 7 closed sales in SOUTHERN OAKS, the data points to a value around $535,810 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $525,000 to $547,000. Relative to what's currently available in SOUTHERN OAKS, this home would be the 2nd most expensive of 5 comparable homes on the market. The smaller floor plan (106 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 1960 (7 years older than comps) is factored into the value estimate. There are currently 5 similar homes on the market in SOUTHERN OAKS, ranging from $497,900 to $665,000. Market data shows SOUTHERN OAKS prices risen 222.3% over the last half year. The closest comparable sale, 5105 Plumas LN, Austin TX 78745 at an adjusted $591,562, is with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus