917 E 51st ST, Austin TX 78751

Based on 4 closed sales in RIDGETOP, the data points to a value around $616,512 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $532,000 to $542,000. Relative to what's currently available in RIDGETOP, this home would be the most expensive of 3 comparable homes on the market. Being 110 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1931 (7 years older than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in RIDGETOP; a buyer's market based on recent absorption. Market data shows RIDGETOP prices risen 11.3% over the last half year. The closest comparable sale, 4709 Red River ST, Austin TX 78751 at an adjusted $543,461, is with a larger floor plan. This estimate draws on 4 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus