1174 Ridgeway DR, Austin TX 78702

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $477,456. To generate strong buyer interest while maximizing value, I'd price this between $362,000 and $372,000. Against 6 similar active listings in HOMEWOOD HEIGHTS, this price point lands at the 3rd least expensive of 6 comparable homes on the market. The smaller floor plan (218 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1964 construction puts this home 43 years older than the comp average, a factor in the pricing. There are currently 6 similar homes on the market in HOMEWOOD HEIGHTS, ranging from $389,999 to $875,000. The trend in 78702 shows prices have fallen 7.1% in the past 6 months. 1181 Ridgeway DR, Austin TX 78702 nearby adjusts to $499,966; 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