3211 Overcup Oak DR, Austin TX 78704

After reviewing 7 recent transactions in SOUTH TERRACE, I estimate this property's value at $737,987. A competitive list price for this home right now would fall in the $566,000 to $576,000 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 lot (0.22 acres versus the area average of 0.19) contributes to the valuation. Current inventory shows 7 comparable homes in SOUTH TERRACE; a buyer's market based on recent absorption. Prices in 78704 have fallen 3.4% over the last 6 months. A similar home at 3014 Pin Oak CT, Austin TX 78704 carries an adjusted comparable value of $764,148, providing a strong data point. With 7 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