The estimated value of this property is $1,379,549, based on 5 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $1,796,000 and $1,822,000. With 5 comparable homes on the market in OAK RIDGE HEIGHTS, this price positions the property as the most affordable of 5 comparable homes on the market. The larger floor plan (244 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a standout feature, with 4 of 5 comparable homes not offering one. Right now, 5 similar properties are competing for buyers in OAK RIDGE HEIGHTS, listed between $1,690,000 and $2,300,000. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 2705 Oak Crest Ave, Austin TX 78704, with an adjusted value of $1,697,284; with a smaller floor plan and no pool. Based on 5 relevant data points in OAK RIDGE HEIGHTS, 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