6904 Ridge HOLW, Austin TX 78750

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $485,530. I'd recommend coming to market at $392,000 to $402,000 to strike the right balance between value and market velocity. In the current LAKEWOOD market with 5 similar homes available, this price represents the 2nd most expensive of 5 comparable homes on the market. At 330 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1987, this home is 5 years newer than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in LAKEWOOD, listed between $350,000 and $558,000. The trend in LAKEWOOD shows prices have fallen 4.1% in the past 6 months. 6407 Wallace CV, Austin TX 78750 nearby adjusts to $608,965; with a larger floor plan. With 7 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