After reviewing 5 recent transactions in MERIDIAN SEC, I estimate this property's value at $743,918. A competitive list price for this home right now would fall in the $1,406,000 to $1,537,000 range. Relative to what's currently available in MERIDIAN SEC, this home would be the most affordable of 7 comparable homes on the market. The larger floor plan (466 sqft compared to the average comp) is a meaningful differentiator in this price range. Right now, 7 similar properties are competing for buyers in MERIDIAN SEC, listed between $775,000 and $4,050,000. Prices in MERIDIAN SEC have risen 20.5% over the last 6 months. A similar home at 8024 Alophia DR, Austin TX 78739 carries an adjusted comparable value of $680,913, providing a strong data point. The comp data here (5 sales in MERIDIAN SEC) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus