5139 Meadow Creek DR, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $547,672. For a well positioned listing in EMERALD FOREST, I'd target the $634,000 to $666,000 range. With 7 comparable homes on the market in EMERALD FOREST, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (366 sqft vs the comp average) plays a role in how the market prices it. At 0.44 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. With 7 similar homes currently listed in EMERALD FOREST (a balanced market), competition is a factor to consider. Recent trends in EMERALD FOREST show home values have fallen 48.5% since 6 months ago. The most comparable recent sale is 5229 Meadow Creek DR, Austin TX 78745, with an adjusted value of $666,326; with a smaller floor plan. The 7 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