The market data from 7 similar recent sales in RIDGETOP ANNEX points to a value of approximately $1,177,582. To sell within a reasonable timeframe at fair market value, the $1,456,000 to $1,649,000 range is where I'd position this. Among the similar homes currently available in RIDGETOP ANNEX, this price point stands out as competitive. The 2005 construction puts this home 59 years newer than the comp average, a factor in the pricing. At 0.12 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in RIDGETOP ANNEX, ranging from $1,100,000 to $1,799,000. In RIDGETOP ANNEX, home values have fallen approximately 34.5% over the past 6 months. One of the strongest data points is 4510 Caswell Ave, Austin TX 78751, adjusting to $1,390,738; with a larger floor plan and a pool. The 7 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