5820 Berkman DR # 109, Austin TX 78723

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $266,870. I'd recommend coming to market at $281,000 to $295,000 to strike the right balance between value and market velocity. Against 3 similar active listings in VERANDAS, 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. Built in 1968, this home is 11 years newer than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in VERANDAS (a buyer's market), competition is a factor to consider. The trend in 78723 shows prices have fallen 1.2% in the past 6 months. 6405 Hickman Ave, Austin TX 78723 nearby adjusts to $238,521; with a larger floor plan. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group