2705 Bond DR, Austin TX 78741

The market data from 7 similar recent sales in EDGEWICK points to a value of approximately $268,994. To sell within a reasonable timeframe at fair market value, the $229,000 to $239,000 range is where I'd position this. Against 7 similar active listings in EDGEWICK, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The smaller floor plan (416 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2008 construction puts this home 7 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in EDGEWICK (a buyer's market), competition is a factor to consider. In 78741, home values have fallen approximately 1.1% over the past 6 months. One of the strongest data points is 2005 Teagle DR # 228C, Austin TX 78741, adjusting to $272,819; a strong comparable. 7 comparable transactions in EDGEWICK 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