1640 Chippeway, Austin TX 78745

The estimated value of this property is $265,467, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $165,000 and $175,000. In the current 78745 market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The 117 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.00 acre lot (smaller than the 0.16 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in 78745; a buyer's market based on recent absorption. Recent trends in 78745 show home values have fallen 5.2% since 6 months ago. The most comparable recent sale is 5808 Cedardale DR, Austin TX 78745, with an adjusted value of $272,716; a strong comparable. Based on 7 relevant data points in 78745, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX