3820 Ridgelea DR # 4, Austin TX 78731

After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $852,231. Pricing this home between $500,000 and $510,000 would put it in the competitive sweet spot for 78731. This home's position in the current 78731 market: the 4th most expensive of 7 comparable homes on the market among comparable properties. The larger lot (0.18 acres versus the area average of 0.13) contributes to the valuation. With 7 similar homes currently listed in 78731 (a balanced market), competition is a factor to consider. Market data shows 78731 prices risen 12.3% over the last half year. The closest comparable sale, 4413 Shoal Creek BLVD, Austin TX 78756 at an adjusted $967,564, is with a larger floor plan. With 5 comparable sales in 78731, 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