3113 Owen Ave, Austin TX 78705

My analysis of 7 comparable properties puts this home's estimated value at $428,499. Based on how the local market is moving, a list price between $306,000 and $316,000 would position this home well. Relative to what's currently available in OAKWOOD, this home would be the 4th most expensive of 7 comparable homes on the market. At 24 years older than typical comps, the 1930 build date influences the valuation. The smaller lot (0.00 acres versus the area average of 0.14) contributes to the valuation. Current inventory shows 7 comparable homes in OAKWOOD; a buyer's market based on recent absorption. The 6 month price trend in 78705: fallen 20.8%. The best comp here is 1408 W 39th 1/2 ST, Austin TX 78756 at an adjusted value of $475,209, a strong comparable. The comp data here (7 sales in OAKWOOD) 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