3405 Spanish Oak DR, Austin TX 78731

After reviewing 5 recent transactions in BALCONES PARK, I estimate this property's value at $1,347,008. A competitive list price for this home right now would fall in the $513,000 to $523,000 range. This home's position in the current BALCONES PARK market: the most expensive of 7 comparable homes on the market among comparable properties. The larger lot (0.62 acres versus the area average of 0.49) contributes to the valuation. The active market in BALCONES PARK includes 7 comparable homes priced from $550,000 to $1,200,000. Prices in BALCONES PARK have fallen 27.7% over the last 6 months. A similar home at 3415 Shinoak DR, Austin TX 78731 carries an adjusted comparable value of $1,351,620, providing a strong data point. With 5 comparable sales in BALCONES PARK, 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