2101 Bluebonnet LN, Austin TX 78704

The estimated value of this property is $1,080,993, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $867,000 and $877,000. In the current BLUEBONNET market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. Built in 1934, this home is 42 years older than the average comp, which is reflected in the adjustments. The 0.23 acre lot (larger than the 0.17 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in BLUEBONNET; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 2.8% since 6 months ago. The most comparable recent sale is 3501 Fleetwood DR, Austin TX 78704, with an adjusted value of $759,590; with a smaller floor plan. With 7 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