802 Meriden LN, Austin TX 78703

Reviewing the most recent comparable transactions, this home's market value falls around $2,057,992. For a well positioned listing in ROYAL OAK, I'd target the $2,178,000 to $2,297,000 range. Against 5 similar active listings in ROYAL OAK, this price point lands at the 3rd most expensive of 5 comparable homes on the market. The smaller floor plan (147 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 5 of 7 comparable sales didn't include one. Current inventory shows 5 comparable homes in ROYAL OAK; a buyer's market based on recent absorption. Recent trends in 78703 show home values have fallen 9.8% since 6 months ago. The most comparable recent sale is 22 Margranita CRES, Austin TX 78703, with an adjusted value of $2,078,679; with a larger floor plan. The 7 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