4901 Ledesma RD, Austin TX 78721

The market data from 7 similar recent sales in 78721 points to a value of approximately $387,098. To sell within a reasonable timeframe at fair market value, the $174,000 to $184,000 range is where I'd position this. In the current 78721 market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. At 235 sqft smaller than the typical comp, the size difference factors into the valuation. The 1946 construction puts this home 28 years older than the comp average, a factor in the pricing. The active market in 78721 includes 3 comparable homes priced from $199,000 to $649,999. In 78721, home values have fallen approximately 7.5% over the past 6 months. One of the strongest data points is 1140 Richardine Ave, Austin TX 78721, adjusting to $416,117; a strong comparable. 7 comparable transactions in 78721 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