7600 Burly Oak CIR, Austin TX 78745

The market data from 7 similar recent sales in SOUTHWEST OAKS points to a value of approximately $580,728. To sell within a reasonable timeframe at fair market value, the $615,000 to $617,000 range is where I'd position this. With 7 comparable homes on the market in SOUTHWEST OAKS, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.20 acre comp average, which factors into pricing. With 7 similar homes currently listed in SOUTHWEST OAKS (a buyer's market), competition is a factor to consider. In SOUTHWEST OAKS, home values have fallen approximately 19.6% over the past 6 months. One of the strongest data points is 2009 Lear LN, Austin TX 78745, adjusting to $663,917; a strong comparable. 7 comparable transactions in SOUTHWEST OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group