The market data from 7 similar recent sales in MEADOWS CROSSING1 points to a value of approximately $249,821. To sell within a reasonable timeframe at fair market value, the $285,000 to $286,000 range is where I'd position this. In the current MEADOWS CROSSING1 market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. The 1980 construction puts this home 28 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 7 comparable homes priced from $249,999 to $339,900. In 78724, home values have risen approximately 4.4% over the past 6 months. One of the strongest data points is 5800 Pinon Vista DR, Austin TX 78724, adjusting to $278,285; 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
