My analysis of 7 comparable properties puts this home's estimated value at $639,178. Based on how the local market is moving, a list price between $650,000 and $665,000 would position this home well. This home's position in the current RIVER RIDGE market: the most expensive of 3 comparable homes on the market among comparable properties. At 242 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.28 acres versus the area average of 0.22) contributes to the valuation. 3 similar homes are currently available in RIVER RIDGE, creating a balanced market for this price range. The 6 month price trend in RIVER RIDGE: fallen 0.1%. The best comp here is 12612 Rush Creek LN, Austin TX 78732 at an adjusted value of $649,575, with a larger floor plan. The comp data here (7 sales in RIVER RIDGE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus