518 Ralph Ablanedo DR, Austin TX 78748

Reviewing the most recent comparable transactions, this home's market value falls around $347,416. For a well positioned listing in 78748, I'd target the $382,000 to $412,000 range. With 7 comparable homes on the market in 78748, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1956 construction puts this home 33 years older than the comp average, a factor in the pricing. At 0.45 acres, the lot is larger than the 0.20 acre comp average, which factors into pricing. 7 similar homes are currently available in 78748, creating a balanced market for this price range. Recent trends in 78748 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 635 W Dittmar RD, Austin TX 78745, with an adjusted value of $194,255; a strong comparable. 7 comparable transactions in 78748 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