7717 Mitra DR, Austin TX 78739

After reviewing 5 recent transactions in MERIDIAN SEC, I estimate this property's value at $1,013,276. A competitive list price for this home right now would fall in the $2,074,000 to $2,167,000 range. Relative to what's currently available in MERIDIAN SEC, this home would be the most affordable of 6 comparable homes on the market. The larger floor plan (295 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.30 acres versus the area average of 0.23) contributes to the valuation. With 6 similar homes currently listed in MERIDIAN SEC (a seller's market), competition is a factor to consider. Prices in MERIDIAN SEC have risen 20.5% over the last 6 months. A similar home at 7412 Mitra DR, Austin TX 78739 carries an adjusted comparable value of $1,042,953, providing a strong data point. With 5 comparable sales in MERIDIAN SEC, 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