12901 Meehan DR, Austin TX 78727

After reviewing 7 recent transactions in SCOFIELD FARMS, I estimate this property's value at $339,015. A competitive list price for this home right now would fall in the $252,000 to $262,000 range. Relative to what's currently available in SCOFIELD FARMS, this home would be the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (616 sqft vs the comp average) plays a role in how the market prices it. At 5 years older than typical comps, the 1985 build date influences the valuation. Current inventory shows 7 comparable homes in SCOFIELD FARMS; a balanced market based on recent absorption. Prices in SCOFIELD FARMS have fallen 13% over the last 6 months. A similar home at 12910 Meehan DR, Austin TX 78727 carries an adjusted comparable value of $363,346, providing a strong data point. With 7 comparable sales in SCOFIELD FARMS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group