3845 Ranch Road 2222 # 32, Austin TX 78731

The market data from 4 similar recent sales in TERRACES points to a value of approximately $365,467. To sell within a reasonable timeframe at fair market value, the $255,000 to $265,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in TERRACES. At 120 sqft larger than the typical comp, the size difference factors into the valuation. There are currently 3 similar homes on the market in TERRACES, ranging from $262,500 to $395,000. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 5900 Mountainclimb DR # 1, Austin TX 78731, adjusting to $543,465; a strong comparable. 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