Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $594,047. To generate strong buyer interest while maximizing value, I'd price this between $576,000 and $612,000. In the current RIDGMAR LANDING market with 1 similar homes available, this price represents below the only comparable home currently on the market. Being 112 sqft smaller than the average comparable sale in this area impacts the per square foot value. At 3.46 acres, the lot is larger than the 0.30 acre comp average, which factors into pricing. Current inventory shows 1 comparable homes in RIDGMAR LANDING; a buyer's market based on recent absorption. The trend in 78641 shows prices have fallen 4.8% in the past 6 months. 1003 Overlook BND, Leander TX 78641 nearby adjusts to $732,763; 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
