Reviewing the most recent comparable transactions, this home's market value falls around $335,063. 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 most expensive of 7 comparable homes on the market. Being 444 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1965 construction puts this home 8 years newer than the comp average, a factor in the 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 1.2% since 6 months ago. The most comparable recent sale is 1200 E 52nd ST # 205, Austin TX 78723, with an adjusted value of $165,697; 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