2205 Balboa RD, Austin TX 78733

7 recent sales within half a mile of this address suggest a current value of $596,651. My recommended list price range for this property would be $515,000 to $525,000. With 3 comparable homes on the market in TIN LAKE ESTATES, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. At 206 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1961, this home is 12 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in TIN LAKE ESTATES; a buyer's market based on recent absorption. In TIN LAKE ESTATES, home values have fallen approximately 22.6% over the past 6 months. One of the strongest data points is 2805 Mecca RD, Austin TX 78733, adjusting to $557,429; with a larger floor plan. With 7 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