3002 S 5th ST, Austin TX 78704

After reviewing 5 recent transactions in GARDEN OAKS, I estimate this property's value at $426,530. A competitive list price for this home right now would fall in the $324,000 to $334,000 range. This home's position in the current GARDEN OAKS market: the 3rd most expensive of 6 comparable homes on the market among comparable properties. The 123 sqft size difference versus comparable sales is reflected in the adjusted values. At 6 years newer than typical comps, the 1961 build date influences the valuation. With 6 similar homes currently listed in GARDEN OAKS (a buyer's market), competition is a factor to consider. Prices in GARDEN OAKS have fallen 23.5% over the last 6 months. A similar home at 308 Lightsey RD, Austin TX 78704 carries an adjusted comparable value of $388,915, providing a strong data point. The comp data here (5 sales in GARDEN OAKS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus