2409 SHELBY OAK LN, Austin TX 78748

My analysis of 7 comparable properties puts this home's estimated value at $432,970. Based on how the local market is moving, a list price between $328,000 and $338,000 would position this home well. This would position the home competitively among 3 active listings in OAK VALLEY PARK. At 10 years older than typical comps, the 1972 build date influences the valuation. The larger lot (0.24 acres versus the area average of 0.20) contributes to the valuation. With 3 similar homes currently listed in OAK VALLEY PARK (a balanced market), competition is a factor to consider. The 6 month price trend in 78748: fallen 3.9%. The best comp here is 2801 Crownspoint DR, Austin TX 78748 at an adjusted value of $431,380, a strong comparable. With 7 comparable sales in OAK VALLEY PARK, 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