The market data from 7 similar recent sales in MEADOWS CROSSING1 points to a value of approximately $245,915. To sell within a reasonable timeframe at fair market value, the $239,000 to $253,000 range is where I'd position this. In the current MEADOWS CROSSING1 market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. The 1980 construction puts this home 33 years older than the comp average, a factor in the pricing. At 0.11 acres, the lot is smaller than the 0.15 acre comp average, which factors into pricing. The active market in MEADOWS CROSSING1 includes 3 comparable homes priced from $285,000 to $375,000. In 78724, home values have risen approximately 1.5% over the past 6 months. One of the strongest data points is 5740 Alsace TRL, Austin TX 78724, adjusting to $261,074; with a smaller floor plan. 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
