The estimated value of this property is $598,298, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $658,000 and $661,000. With 4 comparable homes on the market in MERIDIAN SEC, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. The smaller floor plan (878 sqft compared to the average comp) is a meaningful differentiator in this price range. The active market in MERIDIAN SEC includes 4 comparable homes priced from $600,000 to $724,990. Recent trends in MERIDIAN SEC show home values have risen 20.5% since 6 months ago. The most comparable recent sale is 11036 Cherisse DR, Austin TX 78739, with an adjusted value of $574,610; with a smaller floor plan. With 7 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