8816 Merion CIR, Austin TX 78754

Based on 7 closed sales in CHIMNEYHILL FIRST INSTALLMENT, the data points to a value around $408,023 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $509,000 to $514,000. This pricing would rank the home as the most affordable of 7 comparable homes on the market in CHIMNEYHILL FIRST INSTALLMENT's current inventory. The 117 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1974 (12 years older than comps) is factored into the value estimate. With 7 similar homes currently listed in CHIMNEYHILL FIRST INSTALLMENT (a buyer's market), competition is a factor to consider. Market data shows 78754 prices fallen 2.8% over the last half year. The closest comparable sale, 8803 Merion CIR, Austin TX 78754 at an adjusted $441,528, is with a smaller floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus