3615 Lawton Ave, Austin TX 78731

The market data from 7 similar recent sales in OAKMONT HEIGHTS points to a value of approximately $352,068. To sell within a reasonable timeframe at fair market value, the $246,000 to $256,000 range is where I'd position this. In the current OAKMONT HEIGHTS market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 140 sqft size difference versus comparable sales is reflected in the adjusted values. The 1940 construction puts this home 20 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in OAKMONT HEIGHTS; a buyer's market based on recent absorption. In OAKMONT HEIGHTS, home values have fallen approximately 35.9% over the past 6 months. One of the strongest data points is 710 W 34th ST # 205, Austin TX 78705, adjusting to $300,599; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group