After reviewing 7 recent transactions in RIDGETOP ANNEX, I estimate this property's value at $927,791. A competitive list price for this home right now would fall in the $1,200,000 to $1,524,000 range. Relative to what's currently available in RIDGETOP ANNEX, this home would be the 3rd least expensive of 7 comparable homes on the market. At 33 years newer than typical comps, the 2014 build date influences the valuation. The larger lot (0.25 acres versus the area average of 0.12) contributes to the valuation. With 7 similar homes currently listed in RIDGETOP ANNEX (a buyer's market), competition is a factor to consider. Prices in RIDGETOP ANNEX have fallen 34.5% over the last 6 months. A similar home at 4404 Speedway, Austin TX 78751 carries an adjusted comparable value of $1,570,963, providing a strong data point. The comp data here (7 sales in RIDGETOP ANNEX) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus
