4909 & 4911 Ledesma RD, Austin TX 78721

Off Market

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Ed's Opinion of Value

$283,590 Ed's Estimate: $466,710 $575,000

Lowest Comp Recommended List: $262,000 to $272,000 Highest Comp

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $466,710. I'd recommend coming to market at $262,000 to $272,000 to strike the right balance between value and market velocity. Among the similar homes currently available in TANNEHILL J, this price point stands out as competitive. The larger floor plan (133 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1951, this home is 38 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in TANNEHILL J, ranging from $295,000 to $575,000. The trend in 78721 shows prices have fallen 7.5% in the past 6 months. 1104 Richardine Ave, Austin TX 78721 nearby adjusts to $479,772; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group

78721 Market Trends

$462,500 Median Sold Price ▼ 7.5% 6mo

$336/sqft Median $/SqFt ▼ 6.7% 6mo

64 days Avg Days on Market unchanged

110 homes Active Inventory 11.4 mo supply

97.8% Sale-to-List Ratio

58 Sales (6 months)

Recently Sold Comparables

$479,772 adjusted 1104 Richardine Ave, Austin TX 78721 3bd / 3.0ba • 1,756 sqft • 0.3 mi Sold 2 months ago

$480,244 adjusted 1120 Omega Ave # 1, Austin TX 78721 3bd / 3.0ba • 1,505 sqft • 0.4 mi Sold 1 months ago

$283,590 adjusted 1040 Gardner RD, Austin TX 78721 4bd / 2.0ba • 1,611 sqft • 1 mi Sold 5 months ago

$522,246 adjusted 6620 Alleyton DR, Austin TX 78725 3bd / 2.0ba • 1,657 sqft • 1.3 mi Sold 1 months ago

$516,780 adjusted 1140 Richardine Ave, Austin TX 78721 3bd / 1.0ba • 840 sqft • 0.1 mi Sold 11 months ago

Currently on Market

$575,000 1114 Richardine Ave, Austin TX 78721 3bd / 2.0ba • 1,677 sqft • 0.3 mi 72 days on market

$499,000 1130 Spur ST # A, Austin TX 78721 3bd / 3.0ba • 1,675 sqft • 0.1 mi 76 days on market

$525,000 1121 Walton LN # B, Austin TX 78721 3bd / 3.0ba • 1,561 sqft • 0.9 mi 25 days on market

0 Beds

0 Baths 2 Full

1,614 Sq Ft

0.43 Acres

1951 Built

About This Property

Nice .43-acre property in a great east Austin location! Two structures can be built on this double lot (possibly more, but would require a variance due to the flood plain). Both lots are zoned SF-3. Please see agent for more info. The back of the lots are located in the AO flood zone. Seller has ordered a tree and topo survey, which is due back by 4/9. Ideal buyer can pay cash with a quick close. The 4 bedroom, 2 bath house needs a lot of work and is most likely a teardown. There is also a 1/1 back apartment with a carport that is not currently habitable that has gas, sewer and electrical service.

Features

Ceiling Fan(s)
High Speed Internet
Multiple Living Areas
No Interior Steps
Primary Bedroom on Main
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Ortega

Middle School Martin

High School Eastside Early College

Property Details

Property Type Land

Flooring Laminate, Tile, Wood

Cooling Central Air

Heating Central, Natural Gas

Exterior None

County Travis

MLS # 7934450

Listing History

MLS# 7934450 12 days

Apr 29, 2021	Off Market
Apr 9, 2021	Price Change	$599,900
Apr 2, 2021	Listed	$699,800

MLS# 6074988 13 days

Apr 29, 2021	Off Market
Apr 1, 2021	Listed		$699,800

MLS# 5246584 14 days

Apr 1, 2021	Off Market
Mar 18, 2021	Listed		$425,000

Frequently Asked Questions About 4909 & 4911 Ledesma RD, Austin TX 78721

When was 4909 & 4911 Ledesma RD, Austin TX 78721 built?

4909 & 4911 Ledesma RD, Austin TX 78721 was built in 1951.

How much does 4909 & 4911 Ledesma RD, Austin TX 78721 cost?

4909 & 4911 Ledesma RD, Austin TX 78721 sold on April 29, 2021. Contact us for sale price details.

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