5905 Florencia LN, Austin TX 78724

Based on 7 closed sales in MEADOWS CROSSING PH, the data points to a value around $697,881 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $448,000 to $458,000. Buyers shopping in MEADOWS CROSSING PH right now would see this as a well positioned option among 7 comparable homes. This home's larger footprint (163 sqft vs the comp average) plays a role in how the market prices it. Lot size matters here: 0.38 acres versus 0.15 for the typical comp. With 7 similar homes currently listed in MEADOWS CROSSING PH (a buyer's market), competition is a factor to consider. Market data shows 78724 prices fallen 0.3% over the last half year. The closest comparable sale, 6329 Florencia LN, Austin TX 78724 at an adjusted $719,887, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in MEADOWS CROSSING PH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group