The estimated value of this property is $1,005,937, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $697,000 and $707,000. Against 3 similar active listings in RUBY RANCH, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 394 sqft larger than the typical comp, the size difference factors into the valuation. The 5.11 acre lot (larger than the 4.26 acre average) is reflected in the estimate. Right now, 3 similar properties are competing for buyers in RUBY RANCH, listed between $589,900 and $1,399,000. Recent trends in RUBY RANCH show home values have risen 5.1% since 6 months ago. The most comparable recent sale is 450 Clark CV, Buda TX 78610, with an adjusted value of $1,173,611; with a smaller floor plan. Based on 3 relevant data points in RUBY RANCH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
