511 E 40th ST, Austin TX 78751

Reviewing the most recent comparable transactions, this home's market value falls around $851,891. For a well positioned listing in OAKLAWN, I'd target the $584,000 to $594,000 range. In the current OAKLAWN market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. Being 263 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1922 construction puts this home 8 years older than the comp average, a factor in the pricing. Buyers in OAKLAWN have 7 comparable options right now, with asking prices between $610,000 and $1,595,000. Recent trends in 78751 show home values have risen 0.5% since 6 months ago. The most comparable recent sale is 702 Carolyn Ave, Austin TX 78705, with an adjusted value of $949,105; with a smaller floor plan. The 3 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