8704 Merion CIR, Austin TX 78754

The market data from 7 similar recent sales in CHIMNEYHILL INSTL points to a value of approximately $399,478. To sell within a reasonable timeframe at fair market value, the $321,000 to $331,000 range is where I'd position this. Against 7 similar active listings in CHIMNEYHILL INSTL, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (108 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1973 construction puts this home 18 years older than the comp average, a factor in the pricing. There are currently 7 similar homes on the market in CHIMNEYHILL INSTL, ranging from $320,000 to $570,000. In 78754, home values have fallen approximately 0.3% over the past 6 months. One of the strongest data points is 8803 Merion CIR, Austin TX 78754, adjusting to $442,960; with a smaller floor plan. 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