7 recent sales in the surrounding area of this address suggest a current value of $240,957. My recommended list price range for this property would be $234,000 to $248,000. In the current SCARLET OAKS market with 1 similar homes available, this price represents below the only comparable home currently on the market. Built in 1988, this home is 11 years older than the average comp, which is reflected in the adjustments. The 1.02 acre lot (smaller than the 1.73 acre average) is reflected in the estimate. Right now, 1 similar properties are competing for buyers in SCARLET OAKS, listed between $310,000 and $310,000. In 78616, home values have fallen approximately 4.6% over the past 6 months. One of the strongest data points is 123 Scarlet Oaks DR, Dale TX 78616, adjusting to $107,800; 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