12301 Knoll Ridge DR, Austin TX 78758

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $515,917. To generate strong buyer interest while maximizing value, I'd price this between $438,000 and $448,000. In the current RIVER OAK LAKE ESTATES market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. The smaller floor plan (183 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.32 acres, the lot is larger than the 0.29 acre comp average, which factors into pricing. With 3 similar homes currently listed in RIVER OAK LAKE ESTATES (a balanced market), competition is a factor to consider. The trend in RIVER OAK LAKE ESTATES shows prices have fallen 10.4% in the past 6 months. 12333 Blue Water DR, Austin TX 78758 nearby adjusts to $567,397; with a larger floor plan. 7 comparable transactions in RIVER OAK LAKE ESTATES 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