805 CUMBERLAND RD # A, Austin TX 78704

After reviewing 3 recent transactions in OAK RIDGE HEIGHTS, I estimate this property's value at $1,048,319. A competitive list price for this home right now would fall in the $1,148,000 to $1,159,000 range. This home's position in the current OAK RIDGE HEIGHTS market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. At 217 sqft smaller than the typical comp, the size difference factors into the valuation. At 5 years older than typical comps, the 2008 build date influences the valuation. With 3 similar homes currently listed in OAK RIDGE HEIGHTS (a buyer's market), competition is a factor to consider. Prices in 78704 have fallen 3.8% over the last 6 months. A similar home at 2707 La Mesa DR, Austin TX 78704 carries an adjusted comparable value of $1,147,560, providing a strong data point. With 3 comparable sales in OAK RIDGE HEIGHTS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group