806 E 44th ST, Austin TX 78751

The market data from 3 similar recent sales in RIDGETOP ANNEX points to a value of approximately $692,604. To sell within a reasonable timeframe at fair market value, the $794,000 to $804,000 range is where I'd position this. With 3 comparable homes on the market in RIDGETOP ANNEX, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (148 sqft vs the comp average) plays a role in how the market prices it. The 1941 construction puts this home 6 years newer than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in RIDGETOP ANNEX; a buyer's market based on recent absorption. In RIDGETOP ANNEX, home values have fallen approximately 34.5% over the past 6 months. One of the strongest data points is 4709 Red River ST, Austin TX 78751, adjusting to $654,886; with a smaller floor plan. 3 comparable transactions in RIDGETOP ANNEX support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group