1305 Merlene DR, Austin TX 78732

My analysis of 7 comparable properties puts this home's estimated value at $805,790. Based on how the local market is moving, a list price between $635,000 and $645,000 would position this home well. Relative to what's currently available in RIVER RIDGE, this home would be the most expensive of 7 comparable homes on the market. Being 341 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 7 years older than typical comps, the 2002 build date influences the valuation. 7 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 0.1%. The best comp here is 12612 Rush Creek LN, Austin TX 78732 at an adjusted value of $714,247, a strong comparable. With 7 comparable sales in RIVER RIDGE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group