3505 Mount Bonnell RD, Austin TX 78731

Based on 3 closed sales in MOUNT BONNELL TERRACE, the data points to a value around $1,863,792 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,438,000 to $1,448,000. Relative to what's currently available in MOUNT BONNELL TERRACE, this home would be the 2nd most expensive of 7 comparable homes on the market. This home's larger footprint (265 sqft vs the comp average) plays a role in how the market prices it. Being built in 1974 (11 years newer than comps) is factored into the value estimate. There are currently 7 similar homes on the market in MOUNT BONNELL TERRACE, ranging from $1,425,000 to $2,000,000. Market data shows 78731 prices risen 5.6% over the last half year. The closest comparable sale, 3500 Taylors DR, Austin TX 78703 at an adjusted $2,196,154, is with a pool. The strength of this estimate comes from 3 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