712 E 45th ST, Austin TX 78751

After reviewing 7 recent transactions in RIDGETOP ANNEX, I estimate this property's value at $1,183,913. A competitive list price for this home right now would fall in the $1,490,000 to $1,741,000 range. This would position the home competitively among 7 active listings in RIDGETOP ANNEX. At 48 years newer than typical comps, the 2005 build date influences the valuation. The smaller lot (0.12 acres versus the area average of 0.16) contributes to the valuation. Current inventory shows 7 comparable homes in RIDGETOP ANNEX; a buyer's market based on recent absorption. Prices in RIDGETOP ANNEX have fallen 34.5% over the last 6 months. A similar home at 4510 Caswell Ave, Austin TX 78751 carries an adjusted comparable value of $1,489,738, providing a strong data point. With 7 comparable sales in RIDGETOP ANNEX, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group