5103 Periwinkle PATH, Austin TX 78745

The comparable sales data (7 recent transactions in SOUTHERN OAKS) supports an estimated value of $531,073. The data suggests a list price between $609,000 and $615,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in SOUTHERN OAKS, this home would be the 2nd least expensive of 6 comparable homes on the market. Being built in 1962 (7 years older than comps) is factored into the value estimate. Lot size matters here: 0.27 acres versus 0.23 for the typical comp. The active market in SOUTHERN OAKS includes 6 comparable homes priced from $475,000 to $799,000. Prices in SOUTHERN OAKS have fallen 50.7% over the last 6 months. A similar home at 2303 Harwick DR, Austin TX 78745 carries an adjusted comparable value of $452,036, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in SOUTHERN OAKS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group