609 Twelve Oaks LN, Austin TX 78704

The estimated value of this property is $1,010,048, based on 3 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $791,000 and $801,000. Against 3 similar active listings in OAKS, this price point lands at the most expensive of 3 comparable homes on the market. Built in 2004, this home is 11 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in OAKS (a buyer's market), competition is a factor to consider. Recent trends in 78704 show home values have fallen 3.9% since 6 months ago. The most comparable recent sale is 604 Cumberland RD, Austin TX 78704, with an adjusted value of $1,135,128; with a smaller floor plan. 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