515 Terrace DR, Austin TX 78704

Reviewing the most recent comparable transactions, this home's market value falls around $860,859. For a well positioned listing in BLUE BONNET HILLS, I'd target the $309,000 to $319,000 range. In the current BLUE BONNET HILLS market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Current inventory shows 7 comparable homes in BLUE BONNET HILLS; a buyer's market based on recent absorption. Recent trends in 78704 show home values have fallen 3.8% since 6 months ago. The most comparable recent sale is 516 Lockhart DR, Austin TX 78704, with an adjusted value of $765,865; with a smaller floor plan. 3 comparable transactions in BLUE BONNET HILLS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group