9200 Chisholm LN, Austin TX 78748

The market data from 7 similar recent sales in WESTERN RIDGE ESTATES points to a value of approximately $342,081. To sell within a reasonable timeframe at fair market value, the $270,000 to $280,000 range is where I'd position this. With 7 comparable homes on the market in WESTERN RIDGE ESTATES, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. The 1955 construction puts this home 31 years older than the comp average, a factor in the pricing. At 1.01 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. With 7 similar homes currently listed in WESTERN RIDGE ESTATES (a balanced market), competition is a factor to consider. In 78748, home values have fallen approximately 4.5% over the past 6 months. One of the strongest data points is 8911 Romayne LN, Austin TX 78748, adjusting to $315,994; a strong comparable. 7 comparable transactions in WESTERN RIDGE ESTATES support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group