5301 Ridge Oak DR, Austin TX 78731

The market data from 3 similar recent sales in 78731 points to a value of approximately $1,531,672. To sell within a reasonable timeframe at fair market value, the $1,300,000 to $1,310,000 range is where I'd position this. With 5 comparable homes on the market in 78731, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. At 0.50 acres, the lot is larger than the 0.42 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in 78731, listed between $1,177,500 and $1,895,000. In 78731, home values have risen approximately 3.7% over the past 6 months. One of the strongest data points is 4607 Balcones DR, Austin TX 78731, adjusting to $1,455,959; a strong comparable. 3 comparable transactions in 78731 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