1173 Ridgeway DR, Austin TX 78702

The market data from 7 similar recent sales in HOMEWOOD HEIGHTS points to a value of approximately $410,769. To sell within a reasonable timeframe at fair market value, the $345,000 to $355,000 range is where I'd position this. In the current HOMEWOOD HEIGHTS market with 6 similar homes available, this price represents the 3rd most expensive of 6 comparable homes on the market. This home's smaller footprint (399 sqft vs the comp average) plays a role in how the market prices it. The 1954 construction puts this home 30 years older than the comp average, a factor in the pricing. Right now, 6 similar properties are competing for buyers in HOMEWOOD HEIGHTS, listed between $335,000 and $469,000. In 78702, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 1181 Ridgeway DR, Austin TX 78702, adjusting to $415,049; with a larger floor plan. 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