5003 Ridge Oak DR, Austin TX 78731

Austin, TX 78731 | Highland Park West

Ed's Opinion of Value

$520,506 Ed's Estimate: $1,065,475 $1,469,873
Lowest Comp Recommended List: $1,044,000 to $1,087,000 Highest Comp

Listing History

$1,325,000 List Price
$1,054,661 Comp Value
1 Price Reductions

This property was listed at $1,325,000 and withdrawn after 90 days on market. The price was reduced from $1,375,000 to $1,325,000. This listing activity factors into the valuation.

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,065,475. To generate strong buyer interest while maximizing value, I'd price this between $1,044,000 and $1,087,000. Against 7 similar active listings in HIGHLAND PARK WEST, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The 1949 construction puts this home 6 years older than the comp average, a factor in the pricing. At 0.45 acres, the lot is larger than the 0.31 acre comp average, which factors into pricing. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group
3 Beds
3 Baths 3 Full
2,210 Sq Ft
0.449 Acres
1949 Built
2 Garage

About This Property

BEST CITY VIEW IN NORTH AUSTIN, on a very quiet street right up the hill from Fonda San Miguel. See UT Tower and downtown. Restaurants nearby, as well as a huge nature preserve, Bright Leaf Bird Sanctuary. City view spectacular at sunset, reflected off of downtown. Guest quarters separate, downstairs from kitchen, in the back, or walk through yard from sunroom. 15 minutes to University of Texas Tower.
Seller has original plans from architect John Linn Scott.Guest Accommodations: Yes Restrictions: Yes

Features

  • Breakfast Bar
  • Entrance Foyer
  • Multiple Dining Areas
  • Multiple Living Areas
  • Primary Bedroom on Main
  • Track Lighting
  • Walk-In Closet(s)

Location

Schools

School District Austin ISD
Elementary Highland Park
Middle School Lamar (Austin ISD)
High School McCallum

Property Details

Property Type Land
Flooring Tile, Wood
Cooling Central Air
Heating Central, Natural Gas
Exterior Boat Ramp
County Travis
MLS # 7730562
Garage 2 spaces

Tax Information

Annual Taxes (MLS) $20,344 (2019)

Listing History

MLS# 7730562 90 days
Jan 12, 2020 Off Market
Dec 14, 2019 Price Change $1,325,000
Oct 14, 2019 Listed $1,375,000

Frequently Asked Questions About 5003 Ridge Oak DR, Austin TX 78731

When was 5003 Ridge Oak DR, Austin TX 78731 built?

5003 Ridge Oak DR, Austin TX 78731 was built in 1949.

How much does 5003 Ridge Oak DR, Austin TX 78731 cost?

5003 Ridge Oak DR, Austin TX 78731 is currently off market.

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