The market data from 7 similar recent sales in MEADOWS CROSSING1 points to a value of approximately $254,718. To sell within a reasonable timeframe at fair market value, the $306,000 to $336,000 range is where I'd position this. In the current MEADOWS CROSSING1 market with 4 similar homes available, this price represents the most affordable of 4 comparable homes on the market. The 1980 construction puts this home 17 years older than the comp average, a factor in the pricing. At 0.11 acres, the lot is smaller than the 0.16 acre comp average, which factors into pricing. The active market in MEADOWS CROSSING1 includes 4 comparable homes priced from $285,000 to $384,990. In 78724, home values have risen approximately 6.1% over the past 6 months. One of the strongest data points is 5800 Pinon Vista DR, Austin TX 78724, adjusting to $278,275; 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
