1305 Merlene DR, Austin TX 78732

My analysis of 6 comparable properties puts this home's estimated value at $853,132. Based on how the local market is moving, a list price between $724,000 and $734,000 would position this home well. Relative to what's currently available in RIVER RIDGE, this home would be the most expensive of 3 comparable homes on the market. Being 412 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 8 years older than typical comps, the 2002 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 13.3%. The best comp here is 309 El Socorro LN, Austin TX 78732 at an adjusted value of $677,278, a strong comparable. With 6 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