5500 Merrywing CIR, Austin TX 78730

Reviewing the most recent comparable transactions, this home's market value falls around $1,195,745. For a well positioned listing in RIVER PLACE, I'd target the $938,000 to $948,000 range. In the current RIVER PLACE market with 6 similar homes available, this price represents the most expensive of 6 comparable homes on the market. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. At 0.49 acres, the lot is larger than the 0.40 acre comp average, which factors into pricing. 6 similar homes are currently available in RIVER PLACE, creating a balanced market for this price range. Recent trends in RIVER PLACE show home values have risen 10.1% since 6 months ago. The most comparable recent sale is 4019 Love Bird LN, Austin TX 78730, with an adjusted value of $1,304,339; a strong comparable. 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