7500 Cayenne LN, Austin TX 78741

The market data from 7 similar recent sales in RIVERSIDE MEADOWS points to a value of approximately $362,507. To sell within a reasonable timeframe at fair market value, the $408,000 to $412,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in RIVERSIDE MEADOWS. The 2006 construction puts this home 6 years older than the comp average, a factor in the pricing. With 5 similar homes currently listed in RIVERSIDE MEADOWS (a buyer's market), competition is a factor to consider. In 78741, home values have fallen approximately 9.6% over the past 6 months. One of the strongest data points is 7537 S Glenn ST, Austin TX 78744, adjusting to $311,459; a strong comparable. 7 comparable transactions in RIVERSIDE MEADOWS 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