3409 Ledgestone DR, Austin TX 78731

Based on 4 closed sales in BALCONES PARK, the data points to a value around $1,540,009 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,494,000 to $1,586,000. This pricing would rank the home as the 2nd most expensive of 4 comparable homes on the market in BALCONES PARK's current inventory. Being 287 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.27 acres versus 0.32 for the typical comp. There are currently 4 similar homes on the market in BALCONES PARK, ranging from $1,350,000 to $1,750,000. Market data shows 78731 prices fallen 15.3% over the last half year. The closest comparable sale, 6103 Lonesome Valley TRL, Austin TX 78731 at an adjusted $1,414,717, is with a larger floor plan. The strength of this estimate comes from 4 directly comparable sales in BALCONES PARK. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group