5714 Merrywing CIR, Austin TX 78730

After reviewing 7 recent transactions in PRESERVE RIVER PLACE, I estimate this property's value at $1,951,585. A competitive list price for this home right now would fall in the $2,327,000 to $2,533,000 range. This would position the home competitively among 3 active listings in PRESERVE RIVER PLACE. At 1,346 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (1.00 acres versus the area average of 0.93) contributes to the valuation. There are currently 3 similar homes on the market in PRESERVE RIVER PLACE, ranging from $2,950,000 to $7,300,000. Prices in 78730 have risen 18.5% over the last 6 months. A similar home at 4700 High Gate DR, Austin TX 78730 carries an adjusted comparable value of $2,327,201, providing a strong data point. With 7 comparable sales in PRESERVE RIVER PLACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group