509 Lockhart DR, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $680,012. For a well positioned listing in BLUE BONNET HILLS, I'd target the $468,000 to $478,000 range. With 7 comparable homes on the market in BLUE BONNET HILLS, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The larger floor plan (105 sqft compared to the average comp) is a meaningful differentiator in this price range. 7 similar homes are currently available in BLUE BONNET HILLS, creating a buyer's market for this price range. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 514 E Mary ST, Austin TX 78704, with an adjusted value of $855,761; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group