11109 Ridgewood DR, Salado TX 76571

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $354,051. I'd recommend coming to market at $397,000 to $404,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 76571, this price positions the property as the most affordable of 7 comparable homes on the market. At 105 sqft larger than the typical comp, the size difference factors into the valuation. The 0.50 acre lot (smaller than the 0.58 acre average) is reflected in the estimate. With 7 similar homes currently listed in 76571 (a buyer's market), competition is a factor to consider. The trend in 76571 shows prices have fallen 7.4% in the past 6 months. 11200 Ridgewood DR, Salado TX 76571 nearby adjusts to $236,400; a strong comparable. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group