The estimated value of this property is $2,262,306, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $3,568,000 and $3,678,000. With 7 comparable homes on the market in BALCONES PARK EDGEMONT, this price positions the property as the most affordable of 7 comparable homes on the market. Being 1,435 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.54 acre lot (larger than the 0.36 acre average) is reflected in the estimate. There are currently 7 similar homes on the market in BALCONES PARK EDGEMONT, ranging from $2,760,000 to $6,500,000. Recent trends in 78731 show home values have fallen 15.3% since 6 months ago. The most comparable recent sale is 3608 Edgemont DR, Austin TX 78731, with an adjusted value of $2,522,023; with a smaller floor plan. Based on 7 relevant data points in BALCONES PARK EDGEMONT, 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