5603 Ridge Oak DR, Austin TX 78731

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $986,056. I'd recommend coming to market at $751,000 to $761,000 to strike the right balance between value and market velocity. In the current HIGHLAND PARK WEST market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. Built in 1962, this home is 9 years newer than the average comp, which is reflected in the adjustments. The 0.35 acre lot (larger than the 0.27 acre average) is reflected in the estimate. 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 44.8% in the past 6 months. 3514 Lakeland DR, Austin TX 78731 nearby adjusts to $937,224; with a smaller floor plan and a pool. With 5 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