4505 Nixon LN, Austin TX 78725

After reviewing 7 recent transactions in MURCHISON VALLEY ESTATES, I estimate this property's value at $324,978. A competitive list price for this home right now would fall in the $268,000 to $278,000 range. This home's position in the current MURCHISON VALLEY ESTATES market: the most expensive of 7 comparable homes on the market among comparable properties. At 49 years older than typical comps, the 1940 build date influences the valuation. The larger lot (4.00 acres versus the area average of 0.23) contributes to the valuation. 7 similar homes are currently available in MURCHISON VALLEY ESTATES, creating a buyer's market for this price range. Prices in 78725 have risen 2% over the last 6 months. A similar home at 4208 Nixon LN, Austin TX 78725 carries an adjusted comparable value of $225,580, providing a strong data point. The comp data here (7 sales in MURCHISON VALLEY ESTATES) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus