3208 S Oak DR, Austin TX 78704

My analysis of 5 comparable properties puts this home's estimated value at $792,847. Based on how the local market is moving, a list price between $855,000 and $894,000 would position this home well. Relative to what's currently available in SOUTH TERRACE, this home would be the 3rd most expensive of 7 comparable homes on the market. This home's larger footprint (270 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.14 acres versus the area average of 0.19) contributes to the valuation. Buyers in SOUTH TERRACE have 7 comparable options right now, with asking prices between $774,000 and $1,249,000. The 6 month price trend in 78704: fallen 3.8%. The best comp here is 3014 Pin Oak CT, Austin TX 78704 at an adjusted value of $803,171, with a smaller floor plan. 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