3311 Merrie Lynn Ave, Austin TX 78722

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $691,501. To generate strong buyer interest while maximizing value, I'd price this between $553,000 and $563,000. With 5 comparable homes on the market in MCQUOWN A, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. The 238 sqft size difference versus comparable sales is reflected in the adjusted values. The 1953 construction puts this home 5 years newer than the comp average, a factor in the pricing. Right now, 5 similar properties are competing for buyers in MCQUOWN A, listed between $540,000 and $859,997. The trend in MCQUOWN A shows prices have fallen 9.4% in the past 6 months. 3811 Cherrywood RD, Austin TX 78722 nearby adjusts to $929,965; with a smaller floor plan. The 6 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