4912 Ledesma RD, Austin TX 78721

After reviewing 7 recent transactions in HARMONY HEIGHTS, I estimate this property's value at $371,897. A competitive list price for this home right now would fall in the $308,000 to $318,000 range. Relative to what's currently available in HARMONY HEIGHTS, this home would be the most expensive of 4 comparable homes on the market. The smaller floor plan (230 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.13 acres versus the area average of 0.20) contributes to the valuation. Right now, 4 similar properties are competing for buyers in HARMONY HEIGHTS, listed between $300,000 and $397,500. Prices in 78721 have fallen 5% over the last 6 months. A similar home at 1112 Mason Ave, Austin TX 78721 carries an adjusted comparable value of $441,104, providing a strong data point. The comp data here (7 sales in HARMONY HEIGHTS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus