1104 Merlene DR, Austin TX 78732

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $711,366. I'd recommend coming to market at $738,000 to $740,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 5 comparable homes on the market comparable homes currently on the market in RIVER RIDGE. The 0.28 acre lot (larger than the 0.21 acre average) is reflected in the estimate. With 5 similar homes currently listed in RIVER RIDGE (a buyer's market), competition is a factor to consider. The trend in RIVER RIDGE shows prices have fallen 23.4% in the past 6 months. 300 Horseback HOLW, Austin TX 78732 nearby adjusts to $739,938; with a larger floor plan. Based on 5 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