8805 Newport LN, Austin TX 78754

My analysis of 7 comparable properties puts this home's estimated value at $291,577. Based on how the local market is moving, a list price between $234,000 and $244,000 would position this home well. This home's position in the current CHIMNEYHILL INSTL market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 108 sqft smaller than the typical comp, the size difference factors into the valuation. At 8 years older than typical comps, the 1973 build date influences the valuation. 7 similar homes are currently available in CHIMNEYHILL INSTL, creating a buyer's market for this price range. The 6 month price trend in 78754: fallen 4.1%. The best comp here is 5227 Langwood DR, Austin TX 78754 at an adjusted value of $286,058, 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