4009 Merimac, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $522,926. For a well positioned listing in TRAILS, I'd target the $416,000 to $426,000 range. In the current TRAILS market with 6 similar homes available, this price represents the 3rd least expensive of 6 comparable homes on the market. At 216 sqft larger than the typical comp, the size difference factors into the valuation. The 1973 construction puts this home 11 years older than the comp average, a factor in the pricing. 6 similar homes are currently available in TRAILS, creating a buyer's market for this price range. Recent trends in TRAILS show home values have fallen 6.4% since 6 months ago. The most comparable recent sale is 7907 Tealwood TRL, Austin TX 78731, with an adjusted value of $419,062; with a smaller floor plan. 6 comparable transactions in TRAILS 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