After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $511,783. Pricing this home between $424,000 and $434,000 would put it in the competitive sweet spot for TRAVIS OAK. This would position the home competitively among 3 active listings in TRAVIS OAK. The larger lot (0.37 acres versus the area average of 0.34) contributes to the valuation. The active market in TRAVIS OAK includes 3 comparable homes priced from $459,000 to $539,000. Market data shows 78734 prices fallen 10% over the last half year. The closest comparable sale, 1201 Socorro DR, Austin TX 78734 at an adjusted $512,012, 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