3007 WEST Ave, Austin TX 78705

After reviewing 7 recent transactions in OAKWOOD, I estimate this property's value at $588,514. A competitive list price for this home right now would fall in the $513,000 to $523,000 range. This would position the home competitively among 7 active listings in OAKWOOD. At 47 years older than typical comps, the 1920 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.11) contributes to the valuation. Right now, 7 similar properties are competing for buyers in OAKWOOD, listed between $475,000 and $995,000. Prices in 78705 have fallen 20.2% over the last 6 months. A similar home at 2825 Shoal Crest Ave, Austin TX 78705 carries an adjusted comparable value of $913,581, providing a strong data point. With 7 comparable sales in OAKWOOD, 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