2405 Sheri Oak LN, Austin TX 78748

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $463,779. I'd recommend coming to market at $340,000 to $350,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in OAK VALLEY PARK, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. Built in 1972, this home is 12 years older than the average comp, which is reflected in the adjustments. The 0.24 acre lot (larger than the 0.17 acre average) is reflected in the estimate. With 4 similar homes currently listed in OAK VALLEY PARK (a balanced market), competition is a factor to consider. The trend in 78748 shows prices have fallen 3.5% in the past 6 months. 9913 Willers WAY, Austin TX 78748 nearby adjusts to $373,246; a strong comparable. Based on 7 relevant data points in OAK VALLEY PARK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX