5820 BERKMAN DR # 208, Austin TX 78723

The market data from 7 similar recent sales in 78723 points to a value of approximately $244,602. To sell within a reasonable timeframe at fair market value, the $191,000 to $201,000 range is where I'd position this. With 4 comparable homes on the market in 78723, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. At 429 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.00 acres, the lot is smaller than the 0.28 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in 78723; a buyer's market based on recent absorption. In 78723, home values have fallen approximately 0.6% over the past 6 months. One of the strongest data points is 1200 E 52nd ST # 205, Austin TX 78723, adjusting to $165,573; a strong comparable. 7 comparable transactions in 78723 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