3205 S Oak DR, Austin TX 78704

After reviewing 5 recent transactions in SOUTH TERRACE, I estimate this property's value at $920,731. A competitive list price for this home right now would fall in the $645,000 to $655,000 range. Relative to what's currently available in SOUTH TERRACE, this home would be the 3rd most expensive of 7 comparable homes on the market. The larger floor plan (207 sqft compared to the average comp) is a meaningful differentiator in this price range. With 7 similar homes currently listed in SOUTH TERRACE (a buyer's market), competition is a factor to consider. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 3501 Fleetwood DR, Austin TX 78704 carries an adjusted comparable value of $796,336, providing a strong data point. With 5 comparable sales in SOUTH TERRACE, 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