3409 Ribbon Reef LN, Austin TX 78728

The market data from 4 similar recent sales in JACKS POND points to a value of approximately $540,029. To sell within a reasonable timeframe at fair market value, the $529,000 to $551,000 range is where I'd position this. With 3 comparable homes on the market in JACKS POND, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. At 135 sqft larger than the typical comp, the size difference factors into the valuation. Current inventory shows 3 comparable homes in JACKS POND; a buyer's market based on recent absorption. In 78728, home values have risen approximately 2% over the past 6 months. One of the strongest data points is 2908 Sand Dollar DR, Austin TX 78728, adjusting to $567,017; with a smaller floor plan. The 4 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