1022 Merlene DR, Austin TX 78732

Off Market

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Ed's Opinion of Value

$320,000 Ed's Estimate: $719,546 $875,000

Lowest Comp Recommended List: $392,000 to $402,000 Highest Comp

The estimated value of this property is $719,546, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $392,000 and $402,000. At this price, the property would be the most expensive of 5 comparable homes on the market comparable homes currently on the market in RIVER RIDGE. The larger floor plan (187 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1984, this home is 21 years older than the average comp, which is reflected in the adjustments. Buyers in RIVER RIDGE have 5 comparable options right now, with asking prices between $320,000 and $875,000. Recent trends in RIVER RIDGE show home values have fallen 13.3% since 6 months ago. The most comparable recent sale is 12501 Mixson DR, Austin TX 78732, with an adjusted value of $784,777; with a smaller floor plan. Based on 7 relevant data points in RIVER RIDGE, 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

RIVER RIDGE Market Trends

$505,275 Median Sold Price ▼ 13.3% 6mo

$210/sqft Median $/SqFt ▲ 9.1% 6mo

79 days Avg Days on Market 14 days faster

5 homes Active Inventory 6 mo supply

99.6% Sale-to-List Ratio

5 Sales (6 months)

Recently Sold Comparables

$784,777 adjusted 12501 Mixson DR, Austin TX 78732 4bd / 3.0ba • 2,200 sqft • 0.3 mi Sold 8 months ago

$714,600 adjusted 12617 Tierra Grande TRL, Austin TX 78732 3bd / 2.0ba • 2,169 sqft • 0.8 mi Sold 1 months ago

$639,008 adjusted 309 El Socorro LN, Austin TX 78732 3bd / 3.0ba • 2,543 sqft • 1.1 mi Sold 3 months ago

$678,093 adjusted 301 Palo Alto WAY, Austin TX 78732 3bd / 2.0ba • 2,258 sqft • 1.1 mi Sold 9 months ago

$573,600 adjusted 328 Palo Alto WAY, Austin TX 78732 3bd / 3.0ba • 2,506 sqft • 1.1 mi Sold 9 months ago

Currently on Market

$320,000 1307 Minnie DR, Austin TX 78732 2bd / 2.0ba • 2,100 sqft • 0.3 mi 36 days on market

$699,900 12612 Rush Creek LN, Austin TX 78732 4bd / 3.0ba • 2,537 sqft • 1.7 mi 38 days on market

$875,000 11213 Woodland Hills TRL, Austin TX 78732 3bd / 3.0ba • 2,571 sqft • 2.8 mi 16 days on market

3 Beds

2 Baths 2 Full

2,467 Sq Ft

0.5634 Acres

1984 Built

3 Garage

About This Property

Now offering $20,000 in Seller paid closing costs toward rate buy down or other. NO HOA, NW Austin, GREAT NEW PRICE! Surrounded by natural beauty and recreational opportunities, this home is conveniently located in River Ridge, the highly desirable neighborhood at the end of Quinlan Park Road, just outside Steiner Ranch. A 1/4 mile from Lake Austin, two parks, Mary Quinlan Park/Selma Hughes Park and two public boat ramps.
This split-level home, located on a double wide lot, has an upper and lower deck, which is ideal for listening to birds and watching deer. The oversized three-car garage, which has an incredible amount of attic storage, is a great place for your boat, RV or other toys.
The 3 bedroom, possible 4th, 2 bath home also has an office, and an additional room that can be used as a nursery, craft room or additional office.
Unique opportunity to live near the lake in a relaxed community with no HOA.Buyer to verify STR, tax rate and ETJ Status

Features

Breakfast Bar
Built-in Features
High Ceilings
Vaulted Ceiling(s)
Laminate Counters
Electric Dryer Hookup
Eat-in Kitchen
Entrance Foyer
Interior Steps
Kitchen Island
Multiple Living Areas
Open Floorplan
Pantry
Recessed Lighting
Walk-In Closet(s)

Location

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Schools

School District Leander ISD

Elementary River Ridge

Middle School Canyon Ridge

High School Vandegrift

Property Details

Property Type Residential

Flooring Laminate, Tile

Cooling Ceiling Fan(s), Central Air

Heating Central, Electric

Exterior Balcony, Exterior Steps, Garden, Gutters Partial, Lighting

County Travis

MLS # 2498097

Garage 3 spaces

Tax Information

Annual Taxes (MLS) $8,010 (2022)

Listing History

MLS# 2498097 156 days (155 CDOM)

Dec 18, 2023	Off Market
Jul 27, 2023	Price Change	$775,000
May 16, 2023	Listed	$815,000

Frequently Asked Questions About 1022 Merlene DR, Austin TX 78732

When was 1022 Merlene DR, Austin TX 78732 built?

1022 Merlene DR, Austin TX 78732 was built in 1984.

How much does 1022 Merlene DR, Austin TX 78732 cost?

1022 Merlene DR, Austin TX 78732 sold on December 18, 2023. Contact us for sale price details.

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