5807 Sierra Madre, Austin TX 78759

The estimated value of this property is $612,405, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $455,000 and $465,000. With 7 comparable homes on the market in SUMMIT OAKS, this price positions the property as the most expensive of 7 comparable homes on the market. The smaller floor plan (212 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1964, this home is 9 years older than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in SUMMIT OAKS, creating a balanced market for this price range. Recent trends in 78759 show home values have risen 13.1% since 6 months ago. The most comparable recent sale is 12104 Sage Hen CIR, Austin TX 78727, with an adjusted value of $527,845; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group