3204 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 $746,885. I'd recommend coming to market at $786,000 to $881,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SOUTH TERRACE, this price point stands out as competitive. The 0.14 acre lot (larger than the 0.11 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in SOUTH TERRACE; a buyer's market based on recent absorption. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 2510 Thornton RD, Austin TX 78704 nearby adjusts to $881,100; a strong comparable. Based on 4 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