7407 Merrick DR, Austin TX 78748

My analysis of 3 comparable properties puts this home's estimated value at $498,948. Based on how the local market is moving, a list price between $432,000 and $442,000 would position this home well. Relative to what's currently available in HIGHMARK, this home would be the most expensive of 6 comparable homes on the market. At 131 sqft larger than the typical comp, the size difference factors into the valuation. At 8 years older than typical comps, the 2017 build date influences the valuation. With 6 similar homes currently listed in HIGHMARK (a balanced market), competition is a factor to consider. The 6 month price trend in 78748: fallen 3.5%. The best comp here is 712 Bernese PASS, Austin TX 78745 at an adjusted value of $534,854, a strong comparable. With 3 comparable sales in HIGHMARK, 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