1700 Ridgemont DR, Austin TX 78723

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $542,538. I'd recommend coming to market at $337,000 to $347,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in DELWOOD EAST, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. The smaller floor plan (107 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 4 comparable homes in DELWOOD EAST; a seller's market based on recent absorption. The trend in DELWOOD EAST shows prices have fallen 10% in the past 6 months. 5502 Westminster DR, Austin TX 78723 nearby adjusts to $528,962; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group