4000 Ridgelea DR, Austin TX 78731

Austin, TX 78731 | Ridgelea | Built by Charles Martin Custom Homes

Off Market

~ .18 acre lot for your new construction home. House is a tear-down. The value is in the lot, location and beautiful, historic west Austin neighborhood.

Additional photos available to registered users

Ed's Opinion of Value

$1,279,000 Ed's Estimate: $1,901,452 $2,241,759

Lowest Comp Recommended List: $1,251,000 to $1,261,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $1,901,452. For a well positioned listing in RIDGELEA, I'd target the $1,251,000 to $1,261,000 range. In the current RIDGELEA market with 1 similar homes available, this price represents above the only comparable home currently on the market. Being 269 sqft larger than the average comparable sale in this area impacts the per square foot value. With 1 similar homes currently listed in RIDGELEA (a buyer's market), competition is a factor to consider. Recent trends in 78731 show home values have fallen 13.6% since 6 months ago. The most comparable recent sale is 3904 Petes PATH, Austin TX 78731, with an adjusted value of $1,901,452; with a smaller floor plan. The 3 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

78731 Market Trends

$1,057,980 Median Sold Price ▼ 13.6% 6mo

$399/sqft Median $/SqFt ▼ 9.9% 6mo

77 days Avg Days on Market 30 days slower

103 homes Active Inventory 4.7 mo supply

94.5% Sale-to-List Ratio

131 Sales (6 months)

Recently Sold Comparables

$1,901,452 adjusted 3904 Petes PATH, Austin TX 78731 3bd / 3.0ba • 3,008 sqft • 0.1 mi Sold 3 months ago

$2,241,759 adjusted 4100 Ridgelea DR, Austin TX 78731 5bd / 4.0ba • 2,794 sqft • 0.1 mi Sold 9 months ago

$1,363,768 adjusted 4207 Wayfarer WAY, Austin TX 78731 3bd / 4.0ba • 2,905 sqft • 0.2 mi Sold 11 months ago

Currently on Market

$1,279,000 4012 Emory Peak PASS, Austin TX 78731 4bd / 5.0ba • 3,147 sqft • 0.2 mi 2 days on market

4 Beds

4 Baths 1 Full

3,171 Sq Ft

0.1794 Acres

2023 Built

About This Property

Lot available in historic west Austin to build your dream home. Several newer contemporary houses in neighborhood along with beautifully restored, older homes. Walk score is 73. Easy access to MoPac and only 4 miles to downtown Austin. Value is in the lot. No interior showings until contract is executed. House sustained water damage during the February snow storm and now has substantial mold. Sold as is, buyer to verify all information, and perform thorough due diligence. Buyer will need some time after closing to remove some personal possessions.

Features

Multiple Living Areas
Primary Bedroom on Main

Location

Map loading...

Schools

School District Austin ISD

Elementary Bryker Woods

Middle School O Henry

High School Austin

Property Details

Property Type Residential

Flooring Carpet, Linoleum

Cooling Central Air

Heating Central, Natural Gas

Exterior See Remarks

County Travis

MLS # 6427036

Tax Information

Annual Taxes $4,491 (2021)

Listing History

MLS# 6427036 - Updated Mar 9, 2026 150 days

Feb 29, 2024	Off Market
Sep 9, 2023	Listed		$2,699,000

Frequently Asked Questions About 4000 Ridgelea DR, Austin TX 78731

When was 4000 Ridgelea DR, Austin TX 78731 built?

4000 Ridgelea DR, Austin TX 78731 was built in 2023.

How much does 4000 Ridgelea DR, Austin TX 78731 cost?

4000 Ridgelea DR, Austin TX 78731 sold on February 29, 2024. Contact us for sale price details.

Similar Properties

$1,800,000 3710 Liberty ST, Austin TX 78705 4 bd | 4 ba

$1,800,000 1733 Canonero DR, Austin TX 78746 4 bd | 4 ba

$1,825,000 2105 Enfield RD # A, Austin TX 78703 4 bd | 4 ba

$1,890,000 1203 Richcreek RD, Austin TX 78757 4 bd | 4 ba

Browse More Properties

4-Bedroom Homes in Austin Homes over $1M in Austin All Homes for Sale in Austin Homes in 78731 Homes in Travis County Homes in Austin ISD All 4-Bedroom Homes Homes for Rent Land for Sale

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

Your Name *

Email Address *

Phone Number *

Message *

Are you currently working with an agent? *

I'd like to schedule a tour

I am pre-qualified for financing

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.

Aug 6, 2021	Off Market
Jul 15, 2021	Listed		$600,000