3200 Locke LN, Austin TX 78704

After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $553,796. Pricing this home between $613,000 and $700,000 would put it in the competitive sweet spot for GARDEN OAKS. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in GARDEN OAKS's current inventory. The larger lot (0.22 acres versus the area average of 0.16) contributes to the valuation. With 7 similar homes currently listed in GARDEN OAKS (a buyer's market), competition is a factor to consider. Market data shows GARDEN OAKS prices fallen 23.5% over the last half year. The closest comparable sale, 3105 Ray Wood DR, Austin TX 78704 at an adjusted $441,384, is a strong comparable. With 5 comparable sales in GARDEN OAKS, 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