3101 S Oak DR, Austin TX 78704

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $979,368. I'd recommend coming to market at $838,000 to $848,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in SOUTH TERRACE. The larger floor plan (180 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1961, this home is 6 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in SOUTH TERRACE (a buyer's market), competition is a factor to consider. The trend in 78704 shows prices have fallen 2.3% in the past 6 months. 2018 Ford ST, Austin TX 78704 nearby adjusts to $813,798; a strong comparable. Based on 3 relevant data points in SOUTH TERRACE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX