704 Cumberland RD # 2, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $498,370. For a well positioned listing in OAK RIDGE HEIGHTS, I'd target the $628,000 to $636,000 range. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in OAK RIDGE HEIGHTS. The 1948 construction puts this home 26 years older than the comp average, a factor in the pricing. At 0.09 acres, the lot is smaller than the 0.14 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in OAK RIDGE HEIGHTS, listed between $515,777 and $775,000. Recent trends in 78704 show home values have fallen 2.6% since 6 months ago. The most comparable recent sale is 2609 S 3rd ST, Austin TX 78704, with an adjusted value of $620,809; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group