7403 Merrick LN, Austin TX 78745

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $429,217. Pricing this home between $449,000 and $461,000 would put it in the competitive sweet spot for 78745. This pricing would rank the home as the 3rd most expensive of 5 comparable homes on the market in 78745's current inventory. The smaller lot (0.00 acres versus the area average of 0.10) contributes to the valuation. The active market in 78745 includes 5 comparable homes priced from $390,000 to $475,000. Market data shows 78745 prices fallen 5.2% over the last half year. The closest comparable sale, 9329 Alex LN, Austin TX 78748 at an adjusted $380,323, is a strong comparable. The comp data here (7 sales in 78745) 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