4700 Island CV, Austin TX 78731

My analysis of 7 comparable properties puts this home's estimated value at $3,260,880. Based on how the local market is moving, a list price between $2,620,000 and $2,630,000 would position this home well. This home's position in the current ISLAND MOUNT BONNELL SHORES market: the 3rd most expensive of 5 comparable homes on the market among comparable properties. At 1,265 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (1.65 acres versus the area average of 0.55) contributes to the valuation. 5 similar homes are currently available in ISLAND MOUNT BONNELL SHORES, creating a balanced market for this price range. The 6 month price trend in 78731: risen 6.3%. The best comp here is 5217 S Scout Island CIR, Austin TX 78731 at an adjusted value of $8,629,184, with a larger floor plan. With 7 comparable sales in ISLAND MOUNT BONNELL SHORES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group