3845 Ranch Road 2222 # 17, Austin TX 78731

My analysis of 3 comparable properties puts this home's estimated value at $383,442. Based on how the local market is moving, a list price between $268,000 and $278,000 would position this home well. This pricing would rank the home as the 3rd most expensive of 5 comparable homes on the market in TERRACES's current inventory. 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. 5 similar homes are currently available in TERRACES, creating a balanced market for this price range. The 6 month price trend in 78731: risen 12%. The best comp here is 5900 Mountainclimb DR # 1, Austin TX 78731 at an adjusted value of $564,497, a strong comparable. The comp data here (3 sales in TERRACES) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus