After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $486,267. Pricing this home between $529,000 and $680,000 would put it in the competitive sweet spot for TRAVIS OAK. This would position the home competitively among 7 active listings in TRAVIS OAK. The larger lot (0.37 acres versus the area average of 0.28) contributes to the valuation. The active market in TRAVIS OAK includes 7 comparable homes priced from $475,000 to $890,000. Market data shows 78734 prices fallen 9.2% over the last half year. The closest comparable sale, 15104 Pheasant LN, Austin TX 78734 at an adjusted $442,531, is a strong comparable. With 3 comparable sales in TRAVIS OAK, 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