1158 B Ridgeway, Austin TX 78702

The market data from 3 similar recent sales in HOMEWOOD HEIGHTS points to a value of approximately $465,444. To sell within a reasonable timeframe at fair market value, the $339,000 to $349,000 range is where I'd position this. In the current HOMEWOOD HEIGHTS market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The smaller floor plan (130 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2014 construction puts this home 7 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in HOMEWOOD HEIGHTS, ranging from $325,000 to $799,000. In 78702, home values have fallen approximately 10.8% over the past 6 months. One of the strongest data points is 2505 Sol Wilson Ave ST, Austin TX 78702, adjusting to $571,456; a strong comparable. 3 comparable transactions in HOMEWOOD HEIGHTS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group