2011 Melridge PL, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $1,871,757. For a well positioned listing in HILL H, I'd target the $2,398,000 to $2,638,000 range. With 7 comparable homes on the market in HILL H, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. At 0.19 acres, the lot is smaller than the 0.23 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in HILL H, listed between $1,695,000 and $3,190,000. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 2500 Cedarview DR, Austin TX 78704, with an adjusted value of $1,867,269; with a smaller floor plan. The 3 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