3845 Ranch Road 2222 # 30, Austin TX 78731

The market data from 3 similar recent sales in TERRACES points to a value of approximately $382,617. To sell within a reasonable timeframe at fair market value, the $266,000 to $276,000 range is where I'd position this. In the current TERRACES market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. This home's larger footprint (103 sqft vs the comp average) plays a role in how the market prices it. At 0.12 acres, the lot is larger than the 0.08 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in TERRACES; a buyer's market based on recent absorption. 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 $564,182; a strong comparable. 3 comparable transactions in TERRACES 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