Based on 5 closed sales in LAKE OAK ESTATES, the data points to a value around $496,786 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $421,000 to $431,000. This pricing would rank the home as the 3rd most expensive of 7 comparable homes on the market in LAKE OAK ESTATES's current inventory. The larger floor plan (135 sqft compared to the average comp) is a meaningful differentiator in this price range. There are currently 7 similar homes on the market in LAKE OAK ESTATES, ranging from $409,000 to $575,000. Market data shows 78734 prices fallen 5.5% over the last half year. The closest comparable sale, 15205 N Flamingo DR, Austin TX 78734 at an adjusted $504,847, is a strong comparable. This estimate draws on 5 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
