4604 Ribbecke Ave, Austin TX 78721

Based on 6 closed sales in CEDAR VALLEY, the data points to a value around $459,113 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $353,000 to $363,000. This home's position in the current CEDAR VALLEY market: the most expensive of 5 comparable homes on the market among comparable properties. At 136 sqft larger than the typical comp, the size difference factors into the valuation. Being built in 1951 (9 years older than comps) is factored into the value estimate. Current inventory shows 5 comparable homes in CEDAR VALLEY; a buyer's market based on recent absorption. Market data shows CEDAR VALLEY prices risen 15.7% over the last half year. The closest comparable sale, 1601 N Redondo DR, Austin TX 78721 at an adjusted $444,775, is a strong comparable. The strength of this estimate comes from 6 directly comparable sales in CEDAR VALLEY. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group