2121 Melridge PL, Austin TX 78704

The market data from 7 similar recent sales in 78704 points to a value of approximately $1,700,678. To sell within a reasonable timeframe at fair market value, the $1,251,000 to $1,261,000 range is where I'd position this. Against 7 similar active listings in 78704, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (360 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1995 construction puts this home 17 years newer than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in 78704, ranging from $1,175,000 to $4,450,000. In 78704, home values have fallen approximately 0.7% over the past 6 months. One of the strongest data points is 2800 Kinney Oaks CT, Austin TX 78704, adjusting to $1,302,598; a strong comparable. The 7 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