7207 Ritchie DR, Austin TX 78724

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $368,186. I'd recommend coming to market at $297,000 to $307,000 to strike the right balance between value and market velocity. Among the similar homes currently available in MEADOWS WALNUT CREEK, this price point stands out as competitive. Built in 1996, this home is 6 years older than the average comp, which is reflected in the adjustments. The 0.21 acre lot (larger than the 0.16 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in MEADOWS WALNUT CREEK; a buyer's market based on recent absorption. The trend in 78724 shows prices have risen 5.5% in the past 6 months. 7004 Colony Loop DR, Austin TX 78724 nearby adjusts to $275,757; a strong comparable. 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