5500 Ridge Oak DR, Austin TX 78731

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,135,802. To generate strong buyer interest while maximizing value, I'd price this between $629,000 and $639,000. With 6 comparable homes on the market in HIGHLAND PARK WEST, this price positions the property as the 2nd least expensive of 6 comparable homes on the market. This home's larger footprint (391 sqft vs the comp average) plays a role in how the market prices it. The 1962 construction puts this home 8 years newer than the comp average, a factor in the pricing. 6 similar homes are currently available in HIGHLAND PARK WEST, creating a balanced market for this price range. The trend in HIGHLAND PARK WEST shows prices have fallen 39.3% in the past 6 months. 3601 Arrowhead DR, Austin TX 78731 nearby adjusts to $985,410; with a smaller floor plan. 3 comparable transactions in HIGHLAND PARK WEST 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