Reviewing the most recent comparable transactions, this home's market value falls around $1,058,712. For a well positioned listing in RIDGE ALTA VISTA, I'd target the $1,150,000 to $1,240,000 range. Against 4 similar active listings in RIDGE ALTA VISTA, this price point lands at the most affordable of 4 comparable homes on the market. At 523 sqft larger than the typical comp, the size difference factors into the valuation. At 0.33 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in RIDGE ALTA VISTA, ranging from $1,150,000 to $2,300,000. Recent trends in RIDGE ALTA VISTA show home values have risen 9.4% since 6 months ago. The most comparable recent sale is 201 Aria DR, Lakeway TX 78738, with an adjusted value of $1,080,183; with a smaller floor plan and a pool. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
