1196 Ridge DR, Austin TX 78721

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $355,317. To generate strong buyer interest while maximizing value, I'd price this between $348,000 and $362,000. Against 3 similar active listings in PROUTT WOODIE, this price point lands at the most expensive of 3 comparable homes on the market. This home's larger footprint (129 sqft vs the comp average) plays a role in how the market prices it. The 1940 construction puts this home 21 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in PROUTT WOODIE; a buyer's market based on recent absorption. The trend in 78721 shows prices have risen 7.1% in the past 6 months. 1421 Berene Ave, Austin TX 78721 nearby adjusts to $330,224; 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