Ed's Opinion of Value

$955,000 Ed's Estimate: $1,314,502 $1,574,160
Lowest Comp Recommended List: $981,000 to $991,000 Highest Comp
Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,314,502. To generate strong buyer interest while maximizing value, I'd price this between $981,000 and $991,000. Against 7 similar active listings in MOUNT BONNELL SHORES, this price point lands at the 2nd most expensive of 7 comparable homes on the market. At 0.57 acres, the lot is larger than the 0.37 acre comp average, which factors into pricing. With 7 similar homes currently listed in MOUNT BONNELL SHORES (a seller's market), competition is a factor to consider. The trend in MOUNT BONNELL SHORES shows prices have risen 39.9% in the past 6 months. 5910 Doone Valley CT, Austin TX 78731 nearby adjusts to $1,372,967; a strong comparable. The 5 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
3 Beds
3 Baths 3 Full
2,924 Sq Ft
0.566 Acres
1992 Built
2 Garage

About This Property

Amazing rehab opportunity on custom home with deeded access to Lake Austin. House suffers from years of neglect, including water damage to wood floors, is prime for a modern refresh. Multiple living & dining areas create flexible spaces for family & entertaining. Master suite with garden tub, walk-in shower & twin vanities. Huge, barn-like garage. 1/2 acre lot backs to trails connecting it to the 216 acre Bright Leaf Nature Preserve. Neighborhood park includes courtesy dock, hiking trail and playscape.Restrictions: Yes

Features

  • Bookcases
  • Coffered Ceiling(s)
  • High Ceilings
  • Crown Molding
  • French Doors
  • Interior Steps
  • Multiple Dining Areas
  • Multiple Living Areas
  • Wet Bar

Location

Schools

School District Austin ISD
Elementary Highland Park
Middle School Lamar (Austin ISD)
High School McCallum

Property Details

Property Type Residential
Flooring Carpet, Tile, Wood
Cooling Central Air
Heating Central
Exterior Boat Dock - Shared, Exterior Steps, Gutters Partial
County Travis
MLS # 2529783
Garage 2 spaces

HOA & Community

HOA Fee $165 /Annually
HOA Includes Common Area Maintenance

Tax Information

Annual Taxes (MLS) $8,111 (2019)

Listing History

MLS# 2529783 9 days
Feb 3, 2020 Off Market
Dec 26, 2019 Pending
Dec 17, 2019 Listed $779,000

Frequently Asked Questions About 5509 Mount Bonnell RD, Austin TX 78731

When was 5509 Mount Bonnell RD, Austin TX 78731 built?

5509 Mount Bonnell RD, Austin TX 78731 was built in 1992.

How much does 5509 Mount Bonnell RD, Austin TX 78731 cost?

5509 Mount Bonnell RD, Austin TX 78731 sold on February 3, 2020. Contact us for sale price details.

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