8907 Newport LN, Austin TX 78754

Reviewing the most recent comparable transactions, this home's market value falls around $282,380. For a well positioned listing in CHIMNEYHILL INSTL, I'd target the $238,000 to $248,000 range. Among the similar homes currently available in CHIMNEYHILL INSTL, this price point stands out as competitive. The 1973 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.06 acres, the lot is smaller than the 0.14 acre comp average, which factors into pricing. There are currently 7 similar homes on the market in CHIMNEYHILL INSTL, ranging from $225,000 to $379,210. Recent trends in 78754 show home values have fallen 1.2% since 6 months ago. The most comparable recent sale is 5227 Langwood DR, Austin TX 78754, with an adjusted value of $290,042; 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