3208 Bonnie RD, Austin TX 78703

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $529,002. I'd recommend coming to market at $339,000 to $349,000 to strike the right balance between value and market velocity. In the current TOBIN & JOHNSON market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. At 199 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.16 acre lot (larger than the 0.07 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in TOBIN & JOHNSON, ranging from $340,000 to $475,000. The trend in TOBIN & JOHNSON shows prices have fallen 32.8% in the past 6 months. 2208 Enfield RD # 10300, Austin TX 78703 nearby adjusts to $306,357; a strong comparable. 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