5302 Ridge Oak DR, Austin TX 78731

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,058,513. Pricing this home between $1,190,000 and $1,312,000 would put it in the competitive sweet spot for 78731. Relative to what's currently available in 78731, this home would be the 2nd most expensive of 3 comparable homes on the market. The smaller lot (0.00 acres versus the area average of 0.38) contributes to the valuation. With 3 similar homes currently listed in 78731 (a balanced market), competition is a factor to consider. Market data shows 78731 prices risen 3% over the last half year. The closest comparable sale, 4804 Balcones DR, Austin TX 78731 at an adjusted $969,487, is a strong comparable. The comp data here (7 sales in 78731) 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