8300 Peaceful Hill LN, Austin TX 78748

Based on 7 closed sales in CANNON, the data points to a value around $447,507 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $491,000 to $493,000. Relative to what's currently available in CANNON, this home would be the 2nd least expensive of 4 comparable homes on the market. Being built in 1930 (74 years older than comps) is factored into the value estimate. Lot size matters here: 0.47 acres versus 0.16 for the typical comp. 4 similar homes are currently available in CANNON, creating a balanced market for this price range. Market data shows 78748 prices fallen 2.8% over the last half year. The closest comparable sale, 7317 Shadywood DR, Austin TX 78745 at an adjusted $505,016, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in CANNON. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group