5820 Berkman DR # 111, Austin TX 78723

Reviewing the most recent comparable transactions, this home's market value falls around $266,914. For a well positioned listing in BRAES RIDGE, I'd target the $281,000 to $295,000 range. Against 3 similar active listings in BRAES RIDGE, this price point lands at the 2nd most expensive of 3 comparable homes on the market. This home's smaller footprint (177 sqft vs the comp average) plays a role in how the market prices it. The 1968 construction puts this home 11 years newer than the comp average, a factor in the pricing. The active market in BRAES RIDGE includes 3 comparable homes priced from $230,000 to $345,000. Recent trends in 78723 show home values have fallen 0.3% since 6 months ago. The most comparable recent sale is 6405 Hickman Ave, Austin TX 78723, with an adjusted value of $238,555; with a larger floor plan. The 4 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