12404 Buvana DR, Austin TX 78739

The market data from 6 similar recent sales in MERIDIAN points to a value of approximately $1,094,195. To sell within a reasonable timeframe at fair market value, the $1,082,000 to $1,121,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in MERIDIAN. The larger floor plan (262 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.28 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in MERIDIAN; a balanced market based on recent absorption. In 78739, home values have risen approximately 5.7% over the past 6 months. One of the strongest data points is 7220 Mitra DR, Austin TX 78739, adjusting to $1,045,445; with a pool. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group