3900 Margarita ST, Austin TX 78723

The market data from 6 similar recent sales in MUELLER points to a value of approximately $1,219,857. To sell within a reasonable timeframe at fair market value, the $736,000 to $746,000 range is where I'd position this. In the current MUELLER market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. The larger floor plan (164 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.00 acres, the lot is smaller than the 0.07 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in MUELLER; a seller's market based on recent absorption. In MUELLER, home values have fallen approximately 2.3% over the past 6 months. One of the strongest data points is 3108 Chennault ST, Austin TX 78723, adjusting to $1,297,230; with a smaller floor plan. 6 comparable transactions in MUELLER support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group