1196 Ridge DR, Austin TX 78721

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $402,686. To generate strong buyer interest while maximizing value, I'd price this between $501,000 and $518,000. Against 7 similar active listings in PROUTT WOODIE, this price point lands at the 3rd least expensive of 7 comparable homes on the market. This home's smaller footprint (161 sqft vs the comp average) plays a role in how the market prices it. The 1940 construction puts this home 40 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in PROUTT WOODIE; a buyer's market based on recent absorption. The trend in 78721 shows prices have fallen 7.5% in the past 6 months. 1428 Webberville RD, Austin TX 78721 nearby adjusts to $427,273; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group