505 Blackberry DR, Austin TX 78745

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $410,882. I'd recommend coming to market at $438,000 to $449,000 to strike the right balance between value and market velocity. With 3 comparable homes on the market in BEACONRIDGE, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The larger floor plan (106 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.31 acre lot (larger than the 0.23 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in BEACONRIDGE; a balanced market based on recent absorption. The trend in BEACONRIDGE shows prices have risen 4.2% in the past 6 months. 8202 Alcorn CIR, Austin TX 78748 nearby adjusts to $365,500; a strong comparable. Based on 3 relevant data points in BEACONRIDGE, 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