5501 Ridge Oak DR, Austin TX 78731

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,663,733. I'd recommend coming to market at $2,592,000 to $2,718,000 to strike the right balance between value and market velocity. Against 7 similar active listings in HIGHLAND PARK WEST, this price point lands at the most affordable of 7 comparable homes on the market. At 556 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a standout feature, with 1 of 3 comparable homes not offering one. Current inventory shows 7 comparable homes in HIGHLAND PARK WEST; a seller's market based on recent absorption. The trend in HIGHLAND PARK WEST shows prices have fallen 21.2% in the past 6 months. 4602 Laurel Canyon DR, Austin TX 78731 nearby adjusts to $1,631,776; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group