608 Oak LN, Cottonwood Shores TX 78657

The estimated value of this property is $290,503, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $338,000 and $373,000. Against 4 similar active listings in SCARLET OAKS, this price point lands at the 2nd least expensive of 4 comparable homes on the market. Built in 1983, this home is 23 years older than the average comp, which is reflected in the adjustments. The 0.29 acre lot (smaller than the 5.42 acre average) is reflected in the estimate. Current inventory shows 4 comparable homes in SCARLET OAKS; a buyer's market based on recent absorption. Recent trends in 78657 show home values have fallen 18% since 6 months ago. The most comparable recent sale is 600 Fir LN, Cottonwood Shores TX 78657, with an adjusted value of $325,979; with a smaller floor plan. Based on 7 relevant data points in SCARLET OAKS, 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