My analysis of 7 comparable properties puts this home's estimated value at $678,200. Based on how the local market is moving, a list price between $691,000 and $692,000 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 297 sqft smaller than the typical comp, the size difference factors into the valuation. At 5 years older than typical comps, the 2004 build date influences the valuation. 3 similar homes are currently available in RIVER RIDGE, creating a buyer's market for this price range. The 6 month price trend in RIVER RIDGE: fallen 23.4%. The best comp here is 309 El Socorro LN, Austin TX 78732 at an adjusted value of $602,493, 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