Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $4,591,358. I'd recommend coming to market at $2,742,000 to $2,752,000 to strike the right balance between value and market velocity. Among the similar homes currently available in MOUNT BONNELL TERRACE, this price point stands out as competitive. At 708 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2009, this home is 13 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in MOUNT BONNELL TERRACE, ranging from $2,895,000 to $14,950,000. The trend in 78731 shows prices have fallen 16.3% in the past 6 months. 2900 Townes LN, Austin TX 78703 nearby adjusts to $6,166,941; with a pool. Based on 4 relevant data points in MOUNT BONNELL TERRACE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
