5243 Meadow Creek DR, Austin TX 78745

The market data from 4 similar recent sales in EMERALD FOREST points to a value of approximately $644,065. To sell within a reasonable timeframe at fair market value, the $545,000 to $555,000 range is where I'd position this. With 7 comparable homes on the market in EMERALD FOREST, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 175 sqft larger than the typical comp, the size difference factors into the valuation. At 0.41 acres, the lot is larger than the 0.26 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in EMERALD FOREST, ranging from $470,000 to $774,500. In EMERALD FOREST, home values have fallen approximately 24.2% over the past 6 months. One of the strongest data points is 5229 Meadow Creek DR, Austin TX 78745, adjusting to $671,916; with a smaller floor plan. 4 comparable transactions in EMERALD FOREST 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