5512 Burgundy DR, Austin TX 78724

Based on 7 closed sales in NORTHRIDGE PARK, the data points to a value around $390,735 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $453,000 to $486,000. This pricing would rank the home as the most affordable of 7 comparable homes on the market in NORTHRIDGE PARK's current inventory. The 233 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1980 (21 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in NORTHRIDGE PARK (a buyer's market), competition is a factor to consider. Market data shows 78724 prices risen 2.9% over the last half year. The closest comparable sale, 7513 Tumbleweed DR, Austin TX 78724 at an adjusted $342,104, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in NORTHRIDGE PARK. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group