3502 Balcones DR, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $1,735,377. For a well positioned listing in 78731, I'd target the $1,150,000 to $1,160,000 range. Among the similar homes currently available in 78731, this price point stands out as competitive. The 130 sqft size difference versus comparable sales is reflected in the adjusted values. The pool is a differentiator here, since 4 of 7 comparable sales didn't include one. Current inventory shows 7 comparable homes in 78731; a balanced market based on recent absorption. Recent trends in 78731 show home values have risen 4.5% since 6 months ago. The most comparable recent sale is 2210 Meadowbrook DR, Austin TX 78703, with an adjusted value of $1,712,272; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group