5804 Sierra Madre, Austin TX 78759

After reviewing 3 recent transactions in SUMMIT OAKS, I estimate this property's value at $566,362. A competitive list price for this home right now would fall in the $495,000 to $505,000 range. This pricing would rank the home as the 2nd least expensive of 4 comparable homes on the market in SUMMIT OAKS's current inventory. At 7 years older than typical comps, the 1967 build date influences the valuation. The larger lot (0.42 acres versus the area average of 0.36) contributes to the valuation. With 4 similar homes currently listed in SUMMIT OAKS (a balanced market), competition is a factor to consider. Prices in 78759 have risen 5.3% over the last 6 months. A similar home at 12303 Bar X DR, Austin TX 78727 carries an adjusted comparable value of $765,180, providing a strong data point. The comp data here (3 sales in SUMMIT OAKS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus