3408 Merrie Lynn Ave, Austin TX 78722

Austin, TX 78722 | Mcquown A

Ed's Opinion of Value

$220,000 Ed's Estimate: $340,630 $546,754
Lowest Comp Recommended List: $230,000 to $240,000 Highest Comp
Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $340,630. To generate strong buyer interest while maximizing value, I'd price this between $230,000 and $240,000. Among the similar homes currently available in MCQUOWN A, this price point stands out as competitive. The 102 sqft size difference versus comparable sales is reflected in the adjusted values. The pool is a differentiator here, since 6 of 6 comparable sales didn't include one. 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
2 Beds
1 Baths 1 Full
861 Sq Ft
0.2735 Acres
1955 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 Central Air
Heating Central
Exterior See Remarks
County Travis
MLS # 6935540

Tax Information

Annual Taxes (MLS) $11,848 (2022)

Listing History

MLS# 6935540 19 days
Dec 8, 2022 Off Market
Nov 19, 2022 Listed $549,500

Frequently Asked Questions About 3408 Merrie Lynn Ave, Austin TX 78722

When was 3408 Merrie Lynn Ave, Austin TX 78722 built?

3408 Merrie Lynn Ave, Austin TX 78722 was built in 1955.

How much does 3408 Merrie Lynn Ave, Austin TX 78722 cost?

3408 Merrie Lynn Ave, Austin TX 78722 is currently off market.

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