3409 Spanish Oak DR, Austin TX 78731

The comparable sales data (7 recent transactions in BALCONES PARK) supports an estimated value of $2,479,293. The data suggests a list price between $3,673,000 and $3,842,000 would attract qualified buyers without leaving money on the table. This home's position in the current BALCONES PARK market: the most affordable of 4 comparable homes on the market among comparable properties. At 110 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1954 (42 years older than comps) is factored into the value estimate. With 4 similar homes currently listed in BALCONES PARK (a buyer's market), competition is a factor to consider. Prices in 78731 have fallen 17.2% over the last 6 months. A similar home at 4500 Edgemont DR, Austin TX 78731 carries an adjusted comparable value of $3,841,699, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus