5207 Langwood DR, Austin TX 78754

My analysis of 7 comparable properties puts this home's estimated value at $378,681. Based on how the local market is moving, a list price between $287,000 and $297,000 would position this home well. Buyers shopping in CHIMNEYHILL INSTL right now would see this as a well positioned option among 7 comparable homes. At 5 years older than typical comps, the 1974 build date influences the valuation. The smaller lot (0.06 acres versus the area average of 0.21) contributes to the valuation. Current inventory shows 7 comparable homes in CHIMNEYHILL INSTL; a buyer's market based on recent absorption. The 6 month price trend in 78754: fallen 5%. The best comp here is 8803 Merion CIR, Austin TX 78754 at an adjusted value of $390,966, with a larger floor plan. The comp data here (7 sales in CHIMNEYHILL INSTL) 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