Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $573,738. To generate strong buyer interest while maximizing value, I'd price this between $570,000 and $597,000. In the current RIDGMAR LANDING market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. At 3.46 acres, the lot is larger than the 0.25 acre comp average, which factors into pricing. Current inventory shows 2 comparable homes in RIDGMAR LANDING; a buyer's market based on recent absorption. The trend in 78641 shows prices have fallen 0.2% in the past 6 months. 1408 Bovina DR, Leander TX 78641 nearby adjusts to $513,288; a strong comparable. 7 comparable transactions in RIDGMAR LANDING 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
