Ed's Opinion of Value

$1,293,680 Ed's Estimate: $1,771,178 $2,088,562
Lowest Comp Recommended List: $1,398,000 to $1,408,000 Highest Comp
Based on 6 closed sales in MOUNT BONNELL TERRACE, the data points to a value around $1,771,178 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,398,000 to $1,408,000. This home's position in the current MOUNT BONNELL TERRACE market: the 2nd most expensive of 7 comparable homes on the market among comparable properties. 7 similar homes are currently available in MOUNT BONNELL TERRACE, creating a buyer's market for this price range. Market data shows 78731 prices fallen 15.8% over the last half year. The closest comparable sale, 2620 Pecos ST, Austin TX 78703 at an adjusted $1,293,680, is with a smaller floor plan. The strength of this estimate comes from 6 directly comparable sales in MOUNT BONNELL TERRACE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group
3 Beds
4 Baths
2,948 Sq Ft
0.295 Acres
1970 Built

About This Property

Looking for one of Austin's most prestigious addresses to build your dream home? Look no further! Enjoy panoramic views over Lake Austin and the downtown skyline along with year long breezes from atop Mount Bonnell. Remodel the current home designed by Emily Little in 1971 or tear down and build your own oasis. The end product will be nothing short of breathtaking with these multi-million dollar iconic Austin views! The current 2948ft home has been taken down to the studs and plans convey for an expanded footprint and rooftop terrace to provide near 360 degree views. The front of the home is encompassed by a tall brick wall made of Old Texas Brick and within the gates you will find a large pool hidden away from the street and the afternoon sun. This leaves the back of the property with unobstructed views up and down Lake Austin and across the lake to Westlake Hills. Not many central Austin homes provide both downtown views and panoramic lake views. 3502 Mount Bonnell Road is not to be missed if you are looking for the utmost in luxury, location and WOW factor!

Location

Schools

School District Austin ISD
Elementary Casis
Middle School O Henry
High School Austin

Property Details

Property Type Residential
County Travis
MLS # 9681375

Tax Information

Annual Taxes $61,654 (2022)

Listing History

MLS# 9681375 336 days
Oct 3, 2023 Off Market
Jun 16, 2023 Price Change $3,995,000
Jul 29, 2022 Listed $6,250,000

Frequently Asked Questions About 3502 Mount Bonnell RD, Austin TX 78731

When was 3502 Mount Bonnell RD, Austin TX 78731 built?

3502 Mount Bonnell RD, Austin TX 78731 was built in 1970.

How much does 3502 Mount Bonnell RD, Austin TX 78731 cost?

3502 Mount Bonnell RD, Austin TX 78731 sold on October 3, 2023. Contact us for sale price details.

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