3845 Ranch Road 2222 # 22, Austin TX 78731

After reviewing 3 recent transactions in TERRACES, I estimate this property's value at $382,345. A competitive list price for this home right now would fall in the $406,000 to $417,000 range. Relative to what's currently available in TERRACES, this home would be the 2nd least expensive of 4 comparable homes on the market. The larger floor plan (103 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.12 acres versus the area average of 0.08) contributes to the valuation. Right now, 4 similar properties are competing for buyers in TERRACES, listed between $310,000 and $388,000. Prices in 78731 have risen 5.6% over the last 6 months. A similar home at 5900 Mountainclimb DR # 1, Austin TX 78731 carries an adjusted comparable value of $564,137, providing a strong data point. With 3 comparable sales in TERRACES, 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