1027 Merlene DR, Austin TX 78732

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $630,748. Pricing this home between $530,000 and $540,000 would put it in the competitive sweet spot for RIVER RIDGE. This home's position in the current RIVER RIDGE market: the most expensive of 4 comparable homes on the market among comparable properties. This home's smaller footprint (225 sqft vs the comp average) plays a role in how the market prices it. At 22 years older than typical comps, the 1983 build date influences the valuation. With 4 similar homes currently listed in RIVER RIDGE (a buyer's market), competition is a factor to consider. Market data shows RIVER RIDGE prices fallen 23.4% over the last half year. The closest comparable sale, 11601 Shadestone TER, Austin TX 78732 at an adjusted $732,541, is with a larger floor plan. The comp data here (7 sales in RIVER RIDGE) 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