2306 Shelby Oak, Austin TX 78748

My analysis of 3 comparable properties puts this home's estimated value at $463,003. Based on how the local market is moving, a list price between $454,000 and $472,000 would position this home well. Buyers shopping in 78748 right now would see this as a well positioned option among 5 comparable homes. This home's larger footprint (276 sqft vs the comp average) plays a role in how the market prices it. At 9 years older than typical comps, the 1974 build date influences the valuation. With 5 similar homes currently listed in 78748 (a balanced market), competition is a factor to consider. The 6 month price trend in 78748: fallen 1.8%. The best comp here is 2500 Piping Rock TRL, Austin TX 78748 at an adjusted value of $408,401, with a smaller floor plan. With 3 comparable sales in 78748, 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