3007 Leaning Oak, Austin TX 78704

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $772,584. Pricing this home between $440,000 and $450,000 would put it in the competitive sweet spot for SOUTH TERRACE. Relative to what's currently available in SOUTH TERRACE, this home would be the 4th most expensive of 7 comparable homes on the market. The larger lot (0.30 acres versus the area average of 0.21) contributes to the valuation. With 7 similar homes currently listed in SOUTH TERRACE (a balanced market), competition is a factor to consider. Market data shows SOUTH TERRACE prices fallen 8.8% over the last half year. The closest comparable sale, 2906 Burning Oak DR, Austin TX 78704 at an adjusted $713,919, is with a smaller floor plan. The comp data here (7 sales in SOUTH TERRACE) 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