1026 Merlene DR, Austin TX 78732

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $776,234. To generate strong buyer interest while maximizing value, I'd price this between $835,000 and $846,000. With 5 comparable homes on the market in RIVER RIDGE, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. The 1985 construction puts this home 21 years older than the comp average, a factor in the pricing. At 0.80 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. 5 similar homes are currently available in RIVER RIDGE, creating a buyer's market for this price range. The trend in RIVER RIDGE shows prices have fallen 23.4% in the past 6 months. 12501 Mixson DR, Austin TX 78732 nearby adjusts to $886,606; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group