3 Scarlet RDG, Austin TX 78737

The market data from 4 similar recent sales in HERITAGE OAKS points to a value of approximately $884,800. To sell within a reasonable timeframe at fair market value, the $1,084,000 to $1,098,000 range is where I'd position this. With 7 comparable homes on the market in HERITAGE OAKS, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The larger floor plan (213 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1994 construction puts this home 5 years newer than the comp average, a factor in the pricing. With 7 similar homes currently listed in HERITAGE OAKS (a balanced market), competition is a factor to consider. In HERITAGE OAKS, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 3 Heritage Oaks DR, Austin TX 78737, adjusting to $807,412; with a smaller floor plan. 4 comparable transactions in HERITAGE 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