9516 Meadowheath DR, Austin TX 78729

After reviewing 5 recent transactions in FOREST NORTH ESTATES, I estimate this property's value at $471,096. A competitive list price for this home right now would fall in the $308,000 to $318,000 range. Buyers shopping in FOREST NORTH ESTATES right now would see this as a well positioned option among 6 comparable homes. The smaller floor plan (172 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.51 acres versus the area average of 0.44) contributes to the valuation. With 6 similar homes currently listed in FOREST NORTH ESTATES (a seller's market), competition is a factor to consider. Prices in FOREST NORTH ESTATES have fallen 10.4% over the last 6 months. A similar home at 9308 Meadowheath DR, Austin TX 78729 carries an adjusted comparable value of $526,716, providing a strong data point. With 5 comparable sales in FOREST NORTH ESTATES, 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