2307 Fair Oaks DR, Austin TX 78745

The market data from 7 similar recent sales in SOUTHERN OAKS points to a value of approximately $583,493. To sell within a reasonable timeframe at fair market value, the $572,000 to $595,000 range is where I'd position this. Against 3 similar active listings in SOUTHERN OAKS, this price point lands at the most expensive of 3 comparable homes on the market. The 1960 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in SOUTHERN OAKS; a buyer's market based on recent absorption. In SOUTHERN OAKS, home values have risen approximately 244.6% over the past 6 months. One of the strongest data points is 5213 Buffalo PASS, Austin TX 78745, adjusting to $779,094; a strong comparable. 7 comparable transactions in SOUTHERN OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group