5502 Ledesma RD # A, Austin TX 78721

Austin, TX 78721 | Adele | Built by Houses-2-Homes

Ed's Opinion of Value

$469,000 Ed's Estimate: $519,293 $556,015
Lowest Comp Recommended List: $511,000 to $535,000 Highest Comp
Reviewing the most recent comparable transactions, this home's market value falls around $519,293. For a well positioned listing in 78721, I'd target the $511,000 to $535,000 range. With 3 comparable homes on the market in 78721, this price positions the property as the most expensive of 3 comparable homes on the market. The 2016 construction puts this home 5 years newer than the comp average, a factor in the pricing. Buyers in 78721 have 3 comparable options right now, with asking prices between $469,000 and $525,000. Recent trends in 78721 show home values have fallen 5% since 6 months ago. The most comparable recent sale is 1104 Richardine Ave, Austin TX 78721, with an adjusted value of $556,015; with a larger floor plan. The 3 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
3 Beds
3 Baths
1,620 Sq Ft
0.202 Acres
2016 Built

About This Property

Great investment opportunity in hot East Austin, just 3.8 miles to the Texas Capitol. Two properties for $300K. Lot for 5502 Ledesma is .20 ac. but house likely a tear-down; House at 5500 Ledesma has 2/B/2BA with detached 2-car garage on .16 ac. and has been renovated w/ new wood floors, granite counters and more. Earn rental income, or live next door while you build your dream home, then sell. 5500 Ledesma may also be purchased separately for $225K. (MLS #9333784)FEMA - Unknown Restrictions: Yes

Location

Schools

School District Austin ISD
Elementary Ortega
Middle School Other
High School Other

Property Details

Property Type Residential
Heating None
Exterior None
County Travis
MLS # 1788823

Tax Information

Annual Taxes $2,130 (2014)

Listing History

MLS# 1788823 12 days
May 27, 2016 Off Market
Apr 8, 2016 Listed $349,900

Frequently Asked Questions About 5502 Ledesma RD # A, Austin TX 78721

When was 5502 Ledesma RD # A, Austin TX 78721 built?

5502 Ledesma RD # A, Austin TX 78721 was built in 2016.

How much does 5502 Ledesma RD # A, Austin TX 78721 cost?

5502 Ledesma RD # A, Austin TX 78721 sold on May 27, 2016. Contact us for sale price details.

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