7908 Orisha, Austin TX 78739

The estimated value of this property is $1,170,953, based on 7 comparable sales within half a mile. In today's market, I'd bring this home to market somewhere between $878,000 and $888,000. With 7 comparable homes on the market in MERIDIAN SEC, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. Built in 2015, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 1.00 acre lot (larger than the 0.23 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in MERIDIAN SEC; a seller's market based on recent absorption. Recent trends in MERIDIAN SEC show home values have risen 20.5% since 6 months ago. The most comparable recent sale is 7220 Mitra DR, Austin TX 78739, with an adjusted value of $1,097,205; with a larger floor plan and a pool. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group