3503 Oak Creek DR, Austin TX 78727

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $703,921. I'd recommend coming to market at $472,000 to $482,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 78727, this price positions the property as the most expensive of 7 comparable homes on the market. At 204 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1957, this home is 38 years older than the average comp, which is reflected in the adjustments. The active market in 78727 includes 7 comparable homes priced from $525,000 to $720,000. The trend in 78727 shows prices have fallen 8.4% in the past 6 months. 12701 Poquoson DR, Austin TX 78727 nearby adjusts to $593,406; with a smaller floor plan. Based on 7 relevant data points in 78727, 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