2612 East Side DR, Austin TX 78704

The market data from 3 similar recent sales in SHERWOOD OAKS points to a value of approximately $525,329. To sell within a reasonable timeframe at fair market value, the $273,000 to $283,000 range is where I'd position this. Against 7 similar active listings in SHERWOOD OAKS, this price point lands at the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (150 sqft vs the comp average) plays a role in how the market prices it. At 0.13 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. The active market in SHERWOOD OAKS includes 7 comparable homes priced from $294,500 to $875,000. In SHERWOOD OAKS, home values have fallen approximately 8.5% over the past 6 months. One of the strongest data points is 2702 Little John LN, Austin TX 78704, adjusting to $490,800; a strong comparable. 3 comparable transactions in SHERWOOD 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