122 Mesquite DR, Austin TX 78612

The market data from 7 similar recent sales in MESQUITE ACRES points to a value of approximately $382,227. To sell within a reasonable timeframe at fair market value, the $311,000 to $321,000 range is where I'd position this. With 5 comparable homes on the market in MESQUITE ACRES, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. This home's larger footprint (149 sqft vs the comp average) plays a role in how the market prices it. At 10.01 acres, the lot is larger than the 3.37 acre comp average, which factors into pricing. 5 similar homes are currently available in MESQUITE ACRES, creating a buyer's market for this price range. In 78612, home values have fallen approximately 4.6% over the past 6 months. One of the strongest data points is 255 Mesquite DR, Cedar Creek TX 78612, adjusting to $555,704; with a smaller floor plan. 7 comparable transactions in MESQUITE ACRES 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