5610 Mount Bonnell RD, Austin TX 78731

The market data from 5 similar recent sales in 78731 points to a value of approximately $1,586,976. To sell within a reasonable timeframe at fair market value, the $1,279,000 to $1,289,000 range is where I'd position this. With 5 comparable homes on the market in 78731, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. This home's larger footprint (132 sqft vs the comp average) plays a role in how the market prices it. The 2002 construction puts this home 7 years newer than the comp average, a factor in the pricing. 5 similar homes are currently available in 78731, creating a buyer's market for this price range. In 78731, home values have fallen approximately 15.3% over the past 6 months. One of the strongest data points is 4304 Small DR, Austin TX 78731, adjusting to $1,117,620; with a smaller floor plan. 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