1607 Meander DR, Austin TX 78721

Based on 4 closed sales in OAK LAWN, the data points to a value around $416,737 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $316,000 to $326,000. This home's position in the current OAK LAWN market: the 2nd most expensive of 3 comparable homes on the market among comparable properties. The smaller floor plan (112 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 3 comparable homes in OAK LAWN; a buyer's market based on recent absorption. Market data shows 78721 prices fallen 7.5% over the last half year. The closest comparable sale, 1413 S Redondo DR, Austin TX 78721 at an adjusted $388,905, is a strong comparable. This estimate draws on 4 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus