5820 Berkman DR # 104, Austin TX 78723

The estimated value of this property is $401,753, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $195,000 and $205,000. With 7 comparable homes on the market in BRAES RIDGE, this price positions the property as the 2nd most expensive of 7 comparable homes on the market. At 314 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1968, this home is 5 years newer than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in BRAES RIDGE (a buyer's market), competition is a factor to consider. Recent trends in 78723 show home values have fallen 0.7% since 6 months ago. The most comparable recent sale is 5820 Berkman DR # 205, Austin TX 78723, with an adjusted value of $289,336; a strong comparable. Based on 7 relevant data points in BRAES RIDGE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX