5506 Mesquite Grove RD, Austin TX 78744

Reviewing the most recent comparable transactions, this home's market value falls around $404,282. For a well positioned listing in FAIRWAY RIDGE, I'd target the $392,000 to $416,000 range. With 3 comparable homes on the market in FAIRWAY RIDGE, this price positions the property as the most expensive of 3 comparable homes on the market. The larger floor plan (472 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1995 construction puts this home 6 years newer than the comp average, a factor in the pricing. 3 similar homes are currently available in FAIRWAY RIDGE, creating a buyer's market for this price range. Recent trends in 78744 show home values have fallen 3.5% since 6 months ago. The most comparable recent sale is 5302 Walnut Grove DR, Austin TX 78744, with an adjusted value of $429,989; with a smaller floor plan. 5 comparable transactions in FAIRWAY RIDGE 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