After reviewing 4 recent transactions in RIVERSIDE VILLAS, I estimate this property's value at $412,667. A competitive list price for this home right now would fall in the $421,000 to $425,000 range. Buyers shopping in RIVERSIDE VILLAS right now would see this as a well positioned option among 3 comparable homes. Current inventory shows 3 comparable homes in RIVERSIDE VILLAS; a buyer's market based on recent absorption. Prices in 78741 have fallen 0.1% over the last 6 months. A similar home at 2001 Faro DR # 29, Austin TX 78741 carries an adjusted comparable value of $425,000, providing a strong data point. With 4 comparable sales in RIVERSIDE VILLAS, 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