5705 Parkwood DR, Austin TX 78735

The estimated value of this property is $847,008, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $507,000 and $517,000. In the current OAK PARK market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The larger floor plan (134 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1967, this home is 8 years older than the average comp, which is reflected in the adjustments. The active market in OAK PARK includes 7 comparable homes priced from $560,000 to $1,150,000. Recent trends in 78735 show home values have fallen 4.8% since 6 months ago. The most comparable recent sale is 4601 Creek RDG, Austin TX 78735, with an adjusted value of $852,450; a strong comparable. Based on 7 relevant data points in OAK PARK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX