7701 Mesa DR, Austin TX 78731

The market data from 5 similar recent sales in 78731 points to a value of approximately $1,698,920. To sell within a reasonable timeframe at fair market value, the $1,648,000 to $1,750,000 range is where I'd position this. With 3 comparable homes on the market in 78731, this price positions the property as the most expensive of 3 comparable homes on the market. The larger floor plan (315 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.40 acres, the lot is larger than the 0.34 acre comp average, which factors into pricing. The active market in 78731 includes 3 comparable homes priced from $1,450,000 to $2,199,000. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 3707 Laurel Ledge LN, Austin TX 78731, adjusting to $1,733,850; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group