3336 Mount Bonnell RD, Austin TX 78731

The market data from 7 similar recent sales in 78731 points to a value of approximately $1,133,912. To sell within a reasonable timeframe at fair market value, the $728,000 to $738,000 range is where I'd position this. In the current 78731 market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The 1908 construction puts this home 60 years older than the comp average, a factor in the pricing. At 3.06 acres, the lot is larger than the 0.16 acre comp average, which factors into pricing. 7 similar homes are currently available in 78731, creating a buyer's market for this price range. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 1603 Woodlawn BLVD # A, Austin TX 78703, adjusting to $1,299,163; a strong comparable. The 7 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