3845 Ranch Road 2222 # 13, Austin TX 78731

My analysis of 3 comparable properties puts this home's estimated value at $383,366. Based on how the local market is moving, a list price between $266,000 and $276,000 would position this home well. This home's position in the current TERRACES market: the 4th most expensive of 7 comparable homes on the market among comparable properties. This home's larger footprint (103 sqft vs the comp average) plays a role in how the market prices it. The larger lot (0.12 acres versus the area average of 0.08) contributes to the valuation. The active market in TERRACES includes 7 comparable homes priced from $262,500 to $395,000. The 6 month price trend in 78731: fallen 15.3%. The best comp here is 5900 Mountainclimb DR # 1, Austin TX 78731 at an adjusted value of $564,205, a strong comparable. 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