5500 Ledesma RD, Austin TX 78721

The market data from 7 similar recent sales in 78721 points to a value of approximately $420,652. To sell within a reasonable timeframe at fair market value, the $272,000 to $282,000 range is where I'd position this. With 4 comparable homes on the market in 78721, this price positions the property as the most expensive of 4 comparable homes on the market. The 1955 construction puts this home 34 years older than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in 78721; a buyer's market based on recent absorption. In 78721, home values have fallen approximately 5% over the past 6 months. One of the strongest data points is 5203 Star Light TER # 2, Austin TX 78721, adjusting to $470,833; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group