The market data from 7 similar recent sales in MEADOW LAKE & points to a value of approximately $263,955. To sell within a reasonable timeframe at fair market value, the $301,000 to $302,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 6 comparable homes on the market comparable homes currently on the market in MEADOW LAKE &. The 2012 construction puts this home 20 years newer than the comp average, a factor in the pricing. At 0.08 acres, the lot is smaller than the 0.13 acre comp average, which factors into pricing. There are currently 6 similar homes on the market in MEADOW LAKE &, ranging from $224,999 to $338,000. In 78744, home values have fallen approximately 4.5% over the past 6 months. One of the strongest data points is 2503 Magin Meadow DR, Austin TX 78744, adjusting to $271,631; a strong comparable. 7 comparable transactions in MEADOW LAKE & support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
