17118 Majestic Ridge RD, Austin TX 78738

The estimated value of this property is $1,156,174, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $821,000 and $831,000. Among the similar homes currently available in MAJESTIC HILLS RANCHETTES, this price point stands out as competitive. Built in 1994, this home is 9 years older than the average comp, which is reflected in the adjustments. The 2.41 acre lot (larger than the 0.75 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in MAJESTIC HILLS RANCHETTES, listed between $759,000 and $1,490,000. Recent trends in 78738 show home values have fallen 2.3% since 6 months ago. The most comparable recent sale is 713 Sunfish ST, Lakeway TX 78734, with an adjusted value of $904,335; 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