2918 Ranch Road 620 # 216, Austin TX 78734

Reviewing the most recent comparable transactions, this home's market value falls around $301,800. For a well positioned listing in VILLAS, I'd target the $239,000 to $249,000 range. With 4 comparable homes on the market in VILLAS, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. The smaller floor plan (132 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.10 acres, the lot is smaller than the 0.19 acre comp average, which factors into pricing. Right now, 4 similar properties are competing for buyers in VILLAS, listed between $250,000 and $337,500. Recent trends in VILLAS show home values have fallen 53.4% since 6 months ago. The most comparable recent sale is 2918 Ranch Road 620 N # 254, Austin TX 78734, with an adjusted value of $219,190; with a pool. The 7 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