7904 Moritz LN, Austin TX 78731

The market data from 7 similar recent sales in MESA FOREST points to a value of approximately $732,804. To sell within a reasonable timeframe at fair market value, the $527,000 to $537,000 range is where I'd position this. With 7 comparable homes on the market in MESA FOREST, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. This home's smaller footprint (148 sqft vs the comp average) plays a role in how the market prices it. The 1998 construction puts this home 12 years newer than the comp average, a factor in the pricing. 7 similar homes are currently available in MESA FOREST, creating a buyer's market for this price range. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 7815 Moritz LN, Austin TX 78731, adjusting to $991,837; with a larger floor plan. 7 comparable transactions in MESA FOREST 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