5701 Sierra Madre, Austin TX 78759

The market data from 3 similar recent sales in SUMMIT OAKS points to a value of approximately $691,262. To sell within a reasonable timeframe at fair market value, the $600,000 to $610,000 range is where I'd position this. In the current SUMMIT OAKS market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The 1968 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.47 acres, the lot is larger than the 0.42 acre comp average, which factors into pricing. 3 similar homes are currently available in SUMMIT OAKS, creating a balanced market for this price range. In 78759, home values have risen approximately 2.7% over the past 6 months. One of the strongest data points is 11202 Balcones Woods CV, Austin TX 78759, adjusting to $467,653; with a smaller floor plan. 3 comparable transactions in SUMMIT OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group