5500 Basswood LN, Austin TX 78723

Off Market

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Ed's Opinion of Value

$499,999 Ed's Estimate: $636,638 $687,740

Lowest Comp Recommended List: $449,000 to $459,000 Highest Comp

Reviewing the most recent comparable transactions, this home's market value falls around $636,638. For a well positioned listing in PRESWYCK HILLS, I'd target the $449,000 to $459,000 range. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in PRESWYCK HILLS. This home's larger footprint (167 sqft vs the comp average) plays a role in how the market prices it. There are currently 4 similar homes on the market in PRESWYCK HILLS, ranging from $399,000 to $599,000. Recent trends in 78723 show home values have risen 0.4% since 6 months ago. The most comparable recent sale is 5307 Halmark DR, Austin TX 78723, with an adjusted value of $564,490; 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

78723 Market Trends

$590,000 Median Sold Price ▲ 0.4% 6mo

$361/sqft Median $/SqFt ▼ 2.8% 6mo

64 days Avg Days on Market 12 days slower

157 homes Active Inventory 5.1 mo supply

97.4% Sale-to-List Ratio

185 Sales (6 months)

Recently Sold Comparables

$564,490 adjusted 5307 Halmark DR, Austin TX 78723 4bd / 3.0ba • 2,064 sqft • 0.2 mi Sold 3 months ago

$687,740 adjusted 4814 Carsonhill DR, Austin TX 78723 4bd / 2.0ba • 1,866 sqft • 0.6 mi Sold 20 days ago

$683,420 adjusted 3001 Cedarlawn CIR, Austin TX 78723 4bd / 2.0ba • 1,772 sqft • 0.6 mi Sold 6 months ago

Currently on Market

$499,999 6005 Walnut Hills DR, Austin TX 78723 4bd / 3.0ba • 1,914 sqft • 0.5 mi 16 days on market

$549,999 6205 Hylawn DR, Austin TX 78723 4bd / 3.0ba • 1,984 sqft • 0.6 mi 58 days on market

$599,000 5608 Northdale DR, Austin TX 78723 4bd / 3.0ba • 1,980 sqft • 0.8 mi 44 days on market

5 Beds

3 Baths 2 Full, 1 Half

2,068 Sq Ft

0.2112 Acres

1967 Built

2 Garage

About This Property

HUGE Price Reduction!!! 4Bd / 2.5Ba / Plus Study or 5th Bd / Living Room / 2 Dining / Almost 2100sqft (Low 1.97% Tax Rate). Very large corner lot with large trees and an Abundance of parking (two car garage, circular driveway and an extra parking space for a Boat/RV)… Four bedrooms upstairs with a large second bedroom. Laminate flooring through most of home. Granite counters in kitchen. Relax outdoors in a bright and spacious backyard with low-maintenance landscaping and fantastic shade trees. Very close to shopping and entertainment in Mueller & East Austin, with several parks and hike/bike trails nearby. Don’t miss this amazing opportunity less than 5 miles to downtown.

Features

Ceiling Fan(s)
Granite Counters
Walk-In Closet(s)

Location

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Schools

School District Austin ISD

Elementary Pecan Springs

Middle School Martin

High School Northeast Early College

Property Details

Property Type Residential

Flooring Laminate, Tile

Cooling Central Air

Heating Central, Fireplace(s), Natural Gas

Exterior See Remarks

County Travis

MLS # 5392325

Garage 2 spaces

Tax Information

Annual Taxes (MLS) $8,837 (2023)

Listing History

MLS# 5392325 26 days (21 CDOM)

Oct 20, 2023	Off Market
Sep 28, 2023	Price Change	$585,000
Sep 14, 2023	Listed	$615,000

MLS# 4977389

Apr 26, 2013	Off Market
Apr 12, 2013	Listed		$297,000

MLS# 7556327 18 days

Apr 25, 2012	Off Market
Mar 8, 2012	Listed		$95,000

Frequently Asked Questions About 5500 Basswood LN, Austin TX 78723

When was 5500 Basswood LN, Austin TX 78723 built?

5500 Basswood LN, Austin TX 78723 was built in 1967.

How much does 5500 Basswood LN, Austin TX 78723 cost?

5500 Basswood LN, Austin TX 78723 sold on October 20, 2023. Contact us for sale price details.

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