8701 Merion CIR, Austin TX 78754

The market data from 7 similar recent sales in CHIMNEYHILL INSTL points to a value of approximately $325,917. To sell within a reasonable timeframe at fair market value, the $248,000 to $258,000 range is where I'd position this. Against 6 similar active listings in CHIMNEYHILL INSTL, this price point lands at the 3rd most expensive of 6 comparable homes on the market. At 0.06 acres, the lot is smaller than the 0.17 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in CHIMNEYHILL INSTL; a buyer's market based on recent absorption. In 78754, home values have fallen approximately 5.7% over the past 6 months. One of the strongest data points is 7213 Inspiration DR, Austin TX 78724, adjusting to $392,142; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group