1505 Mesquite ST, Blanco TX 78606

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $310,702. I'd recommend coming to market at $233,000 to $243,000 to strike the right balance between value and market velocity. Against 4 similar active listings in CAGE & BOONE, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The 448 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1937, this home is 40 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in CAGE & BOONE; a buyer's market based on recent absorption. The trend in 78606 shows prices have risen 31.2% in the past 6 months. 633 Academy ST, Blanco TX 78606 nearby adjusts to $275,197; a strong comparable. Based on 7 relevant data points in CAGE & BOONE, 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