1178 Ridgeway DR, Austin TX 78702

Reviewing the most recent comparable transactions, this home's market value falls around $443,310. For a well positioned listing in HOMEWOOD HEIGHTS, I'd target the $341,000 to $351,000 range. In the current HOMEWOOD HEIGHTS market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 774 sqft smaller than the typical comp, the size difference factors into the valuation. The 1955 construction puts this home 44 years older than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in HOMEWOOD HEIGHTS, ranging from $329,000 to $395,000. Recent trends in 78702 show home values have fallen 8.1% since 6 months ago. The most comparable recent sale is 1181 Ridgeway DR, Austin TX 78702, with an adjusted value of $417,849; 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