4102 Ridgelea DR, Austin TX 78731

The market data from 4 similar recent sales in RIDGELEA points to a value of approximately $1,525,640. To sell within a reasonable timeframe at fair market value, the $1,328,000 to $1,338,000 range is where I'd position this. Against 3 similar active listings in RIDGELEA, this price point lands at the 2nd most expensive of 3 comparable homes on the market. The 2021 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.18 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in RIDGELEA, listed between $1,279,000 and $3,185,000. In 78731, home values have fallen approximately 18.9% over the past 6 months. One of the strongest data points is 4212 Ramsey Ave, Austin TX 78756, adjusting to $2,002,285; with a smaller floor plan. 4 comparable transactions in RIDGELEA 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