7206 Meadowood DR, Austin TX 78723

My analysis of 3 comparable properties puts this home's estimated value at $532,182. Based on how the local market is moving, a list price between $318,000 and $328,000 would position this home well. This home's position in the current 78723 market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The 332 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.59 acres versus the area average of 0.43) contributes to the valuation. There are currently 7 similar homes on the market in 78723, ranging from $283,000 to $695,000. The 6 month price trend in 78723: risen 0.6%. The best comp here is 6801 Kings PT, Austin TX 78723 at an adjusted value of $443,790, with a smaller floor plan. With 3 comparable sales in 78723, 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