4307 Island Ave, Austin TX 78731

The comparable sales data (3 recent transactions in ISLAND MOUNT BONNELL SHORES) supports an estimated value of $1,954,214. The data suggests a list price between $3,662,000 and $5,866,000 would attract qualified buyers without leaving money on the table. This home's position in the current ISLAND MOUNT BONNELL SHORES market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 764 sqft larger than the typical comp, the size difference factors into the valuation. A pool adds market appeal. Only 3 minus 2 of the comps had one. Current inventory shows 7 comparable homes in ISLAND MOUNT BONNELL SHORES; a buyer's market based on recent absorption. Prices in 78731 have fallen 15.1% over the last 6 months. A similar home at 5802 Gentle Breeze TER, Austin TX 78731 carries an adjusted comparable value of $2,187,664, providing a strong data point. The strength of this estimate comes from 3 directly comparable sales in ISLAND MOUNT BONNELL SHORES. 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