3301 S Oak DR, Austin TX 78704

The market data from 7 similar recent sales in SOUTH TERRACE points to a value of approximately $481,046. To sell within a reasonable timeframe at fair market value, the $317,000 to $327,000 range is where I'd position this. Among the similar homes currently available in SOUTH TERRACE, this price point stands out as competitive. The 1962 construction puts this home 20 years older than the comp average, a factor in the pricing. At 0.17 acres, the lot is smaller than the 0.70 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in SOUTH TERRACE, listed between $299,000 and $699,000. In 78704, home values have fallen approximately 3.8% over the past 6 months. One of the strongest data points is 3203 Dolphin DR, Austin TX 78704, adjusting to $638,866; a strong comparable. 7 comparable transactions in SOUTH TERRACE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group