3845 Ranch Road 2222 RD # 29, Austin TX 78731

After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $383,395. Pricing this home between $266,000 and $276,000 would put it in the competitive sweet spot for TERRACES. Relative to what's currently available in TERRACES, this home would be the 4th most expensive of 7 comparable homes on the market. At 103 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.12 acres versus the area average of 0.08) contributes to the valuation. With 7 similar homes currently listed in TERRACES (a buyer's market), competition is a factor to consider. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 5900 Mountainclimb DR # 1, Austin TX 78731 at an adjusted $564,250, is 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