2918 Ranch Road 620 N # 278, Austin TX 78734

After reviewing 7 recent transactions in VILLAS, I estimate this property's value at $284,402. A competitive list price for this home right now would fall in the $233,000 to $243,000 range. Buyers shopping in VILLAS right now would see this as a well positioned option among 4 comparable homes. This home's smaller footprint (216 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.10 acres versus the area average of 0.16) contributes to the valuation. The active market in VILLAS includes 4 comparable homes priced from $250,000 to $337,500. Prices in VILLAS have fallen 53.4% over the last 6 months. A similar home at 2918 Ranch Road 620 N # 254, Austin TX 78734 carries an adjusted comparable value of $212,318, providing a strong data point. With 7 comparable sales in 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