514 Terrace DR, Austin TX 78704

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,004,381. I'd recommend coming to market at $1,757,000 to $1,888,000 to strike the right balance between value and market velocity. Against 7 similar active listings in BLUE BONNET HILLS, this price point lands at the 2nd least expensive of 7 comparable homes on the market. This home's larger footprint (377 sqft vs the comp average) plays a role in how the market prices it. 7 similar homes are currently available in BLUE BONNET HILLS, creating a buyer's market for this price range. The trend in 78704 shows prices have fallen 3.8% in the past 6 months. 1506 Chelsea LN, Austin TX 78704 nearby adjusts to $1,029,188; with a smaller floor plan. Based on 4 relevant data points in BLUE BONNET HILLS, 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