1160 Ridgeway DR, Austin TX 78702

The market data from 7 similar recent sales in HOMEWOOD HEIGHTS points to a value of approximately $609,841. To sell within a reasonable timeframe at fair market value, the $624,000 to $663,000 range is where I'd position this. Among the similar homes currently available in HOMEWOOD HEIGHTS, this price point stands out as competitive. The 2004 construction puts this home 10 years newer than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in HOMEWOOD HEIGHTS; a buyer's market based on recent absorption. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 1168 1/2 Ridgeway DR # 2, Austin TX 78702, adjusting to $566,140; a strong comparable. 7 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