Reviewing the most recent comparable transactions, this home's market value falls around $337,222. For a well positioned listing in RIDGETOP GARDENS, I'd target the $172,000 to $182,000 range. With 7 comparable homes on the market in RIDGETOP GARDENS, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Being 445 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 0.59 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. 7 similar homes are currently available in RIDGETOP GARDENS, creating a buyer's market for this price range. Recent trends in 78723 show home values have risen 0.2% since 6 months ago. The most comparable recent sale is 1200 E 52nd ST # 205, Austin TX 78723, with an adjusted value of $165,617; a strong comparable. 7 comparable transactions in RIDGETOP GARDENS 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