5404 Burgundy, Austin TX 78724

My analysis of 7 comparable properties puts this home's estimated value at $402,556. Based on how the local market is moving, a list price between $219,000 and $229,000 would position this home well. Relative to what's currently available in NORTHRIDGE PARK, this home would be the most expensive of 3 comparable homes on the market. The smaller floor plan (366 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.15 acres versus the area average of 0.26) contributes to the valuation. The active market in NORTHRIDGE PARK includes 3 comparable homes priced from $215,000 to $255,000. The 6 month price trend in 78724: risen 5.5%. The best comp here is 7514 Uray DR, Austin TX 78724 at an adjusted value of $326,631, with a larger floor plan. The comp data here (7 sales in NORTHRIDGE PARK) 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