8821 Merion CIR, Austin TX 78754

The estimated value of this property is $356,438, based on 3 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $296,000 and $306,000. In the current CHIMNEYHILL INSTL market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. This home's larger footprint (123 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 7 comparable homes in CHIMNEYHILL INSTL; a buyer's market based on recent absorption. Recent trends in 78754 show home values have fallen 0.6% since 6 months ago. The most comparable recent sale is 8803 Merion CIR, Austin TX 78754, with an adjusted value of $392,431; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group