The market data from 7 similar recent sales in MERIDIAN points to a value of approximately $1,182,605. To sell within a reasonable timeframe at fair market value, the $1,738,000 to $2,217,000 range is where I'd position this. Among the similar homes currently available in MERIDIAN, this price point stands out as competitive. The larger floor plan (496 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. There are currently 6 similar homes on the market in MERIDIAN, ranging from $950,000 to $4,050,000. In 78739, home values have risen approximately 7.2% over the past 6 months. One of the strongest data points is 7220 Mitra DR, Austin TX 78739, adjusting to $1,132,033; with a smaller floor plan. 7 comparable transactions in MERIDIAN 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
