3015 Burning Oak DR # 2, Austin TX 78704

After reviewing 4 recent transactions in SOUTH TERRACE, I estimate this property's value at $313,498. A competitive list price for this home right now would fall in the $500,000 to $603,000 range. Buyers shopping in SOUTH TERRACE right now would see this as a well positioned option among 7 comparable homes. The 119 sqft size difference versus comparable sales is reflected in the adjusted values. At 10 years older than typical comps, the 1962 build date influences the valuation. Current inventory shows 7 comparable homes in SOUTH TERRACE; a buyer's market based on recent absorption. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 1912 Lightsey RD # 5, Austin TX 78704 carries an adjusted comparable value of $310,646, providing a strong data point. The comp data here (4 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