505 Shep ST, Austin TX 78748

The market data from 7 similar recent sales in PARK RIDGE points to a value of approximately $336,160. To sell within a reasonable timeframe at fair market value, the $365,000 to $428,000 range is where I'd position this. With 7 comparable homes on the market in PARK RIDGE, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. With 7 similar homes currently listed in PARK RIDGE (a balanced market), competition is a factor to consider. In PARK RIDGE, home values have fallen approximately 9.5% over the past 6 months. One of the strongest data points is 9273 Vigen CIR, Austin TX 78748, adjusting to $365,000; a strong comparable. 7 comparable transactions in PARK RIDGE 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