1030 Merlene DR, Austin TX 78732

The market data from 7 similar recent sales in RIVER RIDGE points to a value of approximately $809,370. To sell within a reasonable timeframe at fair market value, the $662,000 to $672,000 range is where I'd position this. Among the similar homes currently available in RIVER RIDGE, this price point stands out as competitive. The smaller floor plan (417 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2004 construction puts this home 5 years older than the comp average, a factor in the pricing. The active market in RIVER RIDGE includes 3 comparable homes priced from $629,000 to $732,000. In RIVER RIDGE, home values have fallen approximately 13.4% over the past 6 months. One of the strongest data points is 309 El Socorro LN, Austin TX 78732, adjusting to $679,917; 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