3818 Ridgelea DR # A, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $800,152. For a well positioned listing in 78731, I'd target the $482,000 to $492,000 range. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78731. The smaller floor plan (207 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2004 construction puts this home 5 years older than the comp average, a factor in the pricing. Right now, 7 similar properties are competing for buyers in 78731, listed between $499,000 and $1,075,000. Recent trends in 78731 show home values have fallen 15.3% since 6 months ago. The most comparable recent sale is 4413 Shoal Creek BLVD, Austin TX 78756, with an adjusted value of $947,731; with a larger floor plan. 5 comparable transactions in 78731 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group