5201 Meadow Creek DR, Austin TX 78745

The estimated value of this property is $774,464, based on 3 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $404,000 and $414,000. 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. The larger floor plan (348 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.29 acre lot (larger than the 0.24 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in EMERALD FOREST; a balanced market based on recent absorption. Recent trends in EMERALD FOREST show home values have fallen 48.5% since 6 months ago. The most comparable recent sale is 4621 Banister LN, Austin TX 78745, with an adjusted value of $802,064; a strong comparable. Based on 3 relevant data points in EMERALD FOREST, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX