7420 Cayenne LN, Austin TX 78741

The comparable sales data (7 recent transactions in RIVERSIDE MEADOWS) supports an estimated value of $376,066. The data suggests a list price between $402,000 and $428,000 would attract qualified buyers without leaving money on the table. This home's position in the current RIVERSIDE MEADOWS market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. Being 147 sqft larger than the average comparable sale in this area impacts the per square foot value. Being built in 2006 (7 years older than comps) is factored into the value estimate. Current inventory shows 5 comparable homes in RIVERSIDE MEADOWS; a buyer's market based on recent absorption. Prices in 78741 have fallen 1.1% over the last 6 months. A similar home at 7537 S Glenn ST, Austin TX 78744 carries an adjusted comparable value of $321,189, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in RIVERSIDE MEADOWS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group