2216 Balboa RD, Austin TX 78733

After reviewing 3 recent transactions in TIN LAKE ESTATES, I estimate this property's value at $962,146. A competitive list price for this home right now would fall in the $1,056,000 to $1,140,000 range. Relative to what's currently available in TIN LAKE ESTATES, this home would be the most affordable of 4 comparable homes on the market. At 6 years older than typical comps, the 2002 build date influences the valuation. The smaller lot (0.27 acres versus the area average of 0.35) contributes to the valuation. Current inventory shows 4 comparable homes in TIN LAKE ESTATES; a buyer's market based on recent absorption. Prices in TIN LAKE ESTATES have fallen 17.8% over the last 6 months. A similar home at 9901 San Luis TRL, Austin TX 78733 carries an adjusted comparable value of $1,026,543, providing a strong data point. With 3 comparable sales in TIN LAKE ESTATES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group