1606 Ridgemont DR, Austin TX 78723

My analysis of 7 comparable properties puts this home's estimated value at $412,057. Based on how the local market is moving, a list price between $464,000 and $512,000 would position this home well. This home's position in the current DELWOOD SEC market: the most affordable of 3 comparable homes on the market among comparable properties. The larger lot (0.22 acres versus the area average of 0.19) contributes to the valuation. Current inventory shows 3 comparable homes in DELWOOD SEC; a seller's market based on recent absorption. The 6 month price trend in DELWOOD SEC: fallen 16.7%. The best comp here is 1610 Corona DR, Austin TX 78723 at an adjusted value of $530,929, a strong comparable. With 7 comparable sales in DELWOOD SEC, 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