11203 Ranch Road 2222 RD # 1401, Austin TX 78730

My analysis of 7 comparable properties puts this home's estimated value at $571,400. Based on how the local market is moving, a list price between $250,000 and $260,000 would position this home well. Buyers shopping in ALICANTE right now would see this as a well positioned option among 3 comparable homes. Being 720 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 7 years older than typical comps, the 2002 build date influences the valuation. Current inventory shows 3 comparable homes in ALICANTE; a buyer's market based on recent absorption. The 6 month price trend in 78730: fallen 7.2%. The best comp here is 11712 Red Oak Valley LN, Austin TX 78732 at an adjusted value of $536,438, with a larger floor plan. With 7 comparable sales in ALICANTE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group