3406 Merrie Lynn Ave, Austin TX 78722

Austin, TX 78722 | Mcquown A | Built by Honed Homes

Ed's Opinion of Value

$970,000 Ed's Estimate: $1,595,519 $1,900,851
Lowest Comp Recommended List: $1,140,000 to $1,150,000 Highest Comp
3 recent sales within half a mile of this address suggest a current value of $1,595,519. My recommended list price range for this property would be $1,140,000 to $1,150,000. In the current MCQUOWN A market with 3 similar homes available, this price represents the 0th most expensive of 3 comparable homes on the market. This home's smaller footprint (307 sqft vs the comp average) plays a role in how the market prices it. The pool is a standout feature, with 2 of 3 comparable homes not offering one. Right now, 3 similar properties are competing for buyers in MCQUOWN A, listed between $970,000 and $1,399,000. In 78722, home values have fallen approximately 16.4% over the past 6 months. One of the strongest data points is 3306 Larry LN # A, Austin TX 78722, adjusting to $1,459,557; with a larger floor plan. Based on 3 relevant data points in MCQUOWN A, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX
5 Beds
4 Baths 1 Full
2,701 Sq Ft
0.163 Acres
2024 Built

About This Property

0.27 acre corner lot priced to sell - a fantastic development opportunity in the highly desired Cherrywood neighborhood! This SF-3 zoned corner lot, less than 10 minutes from downtown Austin, has endless development possibilities - build a single family home, duplex, or main house & ADU style. Given the lot size, total buildable sqft is around 4,700. With a corner lot, both dwelling units would have their own entrance and address, making it very unique and reminiscent of a single-family home in a condo setting. Survey is available. Comps indicate an ARV of $2.1M or more, making it ideal for development. The renderings are conceptual and illustrate possible future development. Buyer is responsible for completing all due diligence. Appointments are required to walk the property. The current structure on the property is a teardown.

Property Highlights

Pool See Remarks

Features

  • Primary Bedroom on Main
  • See Remarks

Location

Schools

School District Austin ISD
Elementary Maplewood
Middle School Kealing
High School McCallum

Property Details

Property Type Residential
Flooring See Remarks
Cooling Other
Heating See Remarks
Exterior See Remarks
County Travis
MLS # 8137164

Tax Information

Annual Taxes $11,848 (2022)

Listing History

MLS# 8137164 - Updated Apr 2, 2026 115 days
Dec 23, 2024 Off Market
Aug 3, 2024 Listed $1,499,000

Frequently Asked Questions About 3406 Merrie Lynn Ave, Austin TX 78722

When was 3406 Merrie Lynn Ave, Austin TX 78722 built?

3406 Merrie Lynn Ave, Austin TX 78722 was built in 2024.

How much does 3406 Merrie Lynn Ave, Austin TX 78722 cost?

3406 Merrie Lynn Ave, Austin TX 78722 sold on December 23, 2024. Contact us for sale price details.

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