7303 FERNDALE CIR, Austin TX 78745

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $403,987. To generate strong buyer interest while maximizing value, I'd price this between $466,000 and $511,000. With 4 comparable homes on the market in BEACONRIDGE IV, this price positions the property as the most affordable of 4 comparable homes on the market. At 0.00 acres, the lot is smaller than the 0.20 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in BEACONRIDGE IV; a buyer's market based on recent absorption. The trend in 78745 shows prices have fallen 8.9% in the past 6 months. 8201 Belclaire LN, Austin TX 78748 nearby adjusts to $379,334; a strong comparable. 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