3201 LOCKE LN, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $1,251,682. For a well positioned listing in GARDEN OAKS, I'd target the $947,000 to $957,000 range. Against 7 similar active listings in GARDEN OAKS, this price point lands at the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (137 sqft vs the comp average) plays a role in how the market prices it. At 0.22 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. 7 similar homes are currently available in GARDEN OAKS, creating a balanced market for this price range. Recent trends in GARDEN OAKS show home values have fallen 43.6% since 6 months ago. The most comparable recent sale is 3100 S 5th ST # 1, Austin TX 78704, with an adjusted value of $996,430; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group