1112 Bluebonnet LN, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $1,114,135. For a well positioned listing in 78704, I'd target the $796,000 to $806,000 range. With 7 comparable homes on the market in 78704, this price positions the property as the 4th most expensive of 7 comparable homes on the market. At 0.42 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78704; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 2410 Thornton RD, Austin TX 78704, with an adjusted value of $1,249,977; with a larger floor plan. The 4 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