292 Alamo DR, Lockhart TX 78644

After reviewing 7 recent transactions in OAK, I estimate this property's value at $327,488. A competitive list price for this home right now would fall in the $324,000 to $468,000 range. Buyers shopping in OAK right now would see this as a well positioned option among 4 comparable homes. This home's smaller footprint (380 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (2.13 acres versus the area average of 21.68) contributes to the valuation. Current inventory shows 4 comparable homes in OAK; a buyer's market based on recent absorption. Prices in 78644 have fallen 6% over the last 6 months. A similar home at 1159 Old Lytton Springs RD, Lockhart TX 78644 carries an adjusted comparable value of $268,724, providing a strong data point. The comp data here (7 sales in OAK) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus