420 Island Oak DR, Austin TX 78748

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $556,408. To generate strong buyer interest while maximizing value, I'd price this between $574,000 and $585,000. In the current 78748 market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. This home's larger footprint (573 sqft vs the comp average) plays a role in how the market prices it. The 2006 construction puts this home 5 years older than the comp average, a factor in the pricing. With 2 similar homes currently listed in 78748 (a buyer's market), competition is a factor to consider. The trend in 78748 shows prices have fallen 4.4% in the past 6 months. 301 Wye Oak ST, Austin TX 78748 nearby adjusts to $530,434; 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