7008 Mitra DR, Austin TX 78739

After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $1,175,463. Pricing this home between $1,140,000 and $1,211,000 would put it in the competitive sweet spot for MERIDIAN. This home's position in the current MERIDIAN market: the most expensive of 3 comparable homes on the market among comparable properties. This home's larger footprint (508 sqft vs the comp average) plays a role in how the market prices it. The larger lot (0.29 acres versus the area average of 0.22) contributes to the valuation. 3 similar homes are currently available in MERIDIAN, creating a balanced market for this price range. Market data shows 78739 prices risen 5.7% over the last half year. The closest comparable sale, 6617 Mitra DR, Austin TX 78739 at an adjusted $1,375,584, is with a smaller floor plan. The comp data here (5 sales in MERIDIAN) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus