Reviewing the most recent comparable transactions, this home's market value falls around $955,511. For a well positioned listing in MEADOW MOUNTAIN, I'd target the $560,000 to $570,000 range. With 7 comparable homes on the market in MEADOW MOUNTAIN, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (141 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 3 of 3 comparable sales didn't include one. With 7 similar homes currently listed in MEADOW MOUNTAIN (a buyer's market), competition is a factor to consider. Recent trends in 78731 show home values have fallen 16.9% since 6 months ago. The most comparable recent sale is 4456 Stony Meadow LN, Austin TX 78731, with an adjusted value of $1,165,819; with a larger floor plan and no pool. The 3 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