7016 Mitra DR, Austin TX 78739

The market data from 4 similar recent sales in MERIDIAN SEC points to a value of approximately $1,170,479. To sell within a reasonable timeframe at fair market value, the $1,155,000 to $1,348,000 range is where I'd position this. With 5 comparable homes on the market in MERIDIAN SEC, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. At 197 sqft larger than the typical comp, the size difference factors into the valuation. At 0.29 acres, the lot is larger than the 0.22 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in MERIDIAN SEC; a seller's market based on recent absorption. In MERIDIAN SEC, home values have risen approximately 20.5% over the past 6 months. One of the strongest data points is 6617 Mitra DR, Austin TX 78739, adjusting to $1,347,824; with a smaller floor plan. The 4 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