2307 SHELBY OAK LN, Austin TX 78748

Based on 7 closed sales in 78748, the data points to a value around $449,669 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $354,000 to $364,000. Buyers shopping in 78748 right now would see this as a well positioned option among 4 comparable homes. Being built in 1976 (8 years older than comps) is factored into the value estimate. Lot size matters here: 0.00 acres versus 0.16 for the typical comp. The active market in 78748 includes 4 comparable homes priced from $318,500 to $599,000. Market data shows 78748 prices fallen 3.9% over the last half year. The closest comparable sale, 2612 Piping Rock TRL, Austin TX 78748 at an adjusted $380,083, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in 78748. 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