The market data from 7 similar recent sales in CHAPPELL HILL points to a value of approximately $312,302. To sell within a reasonable timeframe at fair market value, the $303,000 to $322,000 range is where I'd position this. With 6 comparable homes on the market in CHAPPELL HILL, this price positions the property as the 3rd most expensive of 6 comparable homes on the market. Current inventory shows 6 comparable homes in CHAPPELL HILL; a seller's market based on recent absorption. In CHAPPELL HILL, home values have fallen approximately 12.2% over the past 6 months. One of the strongest data points is 11310 Robert Wooding DR, Austin TX 78748, adjusting to $283,000; a strong comparable. 7 comparable transactions in CHAPPELL HILL 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