3703 Balcones DR, Austin TX 78731

After reviewing 3 recent transactions in 78731, I estimate this property's value at $3,299,980. A competitive list price for this home right now would fall in the $2,804,000 to $2,814,000 range. Relative to what's currently available in 78731, this home would be the 3rd least expensive of 7 comparable homes on the market. At 5 years newer than typical comps, the 1987 build date influences the valuation. The larger lot (0.38 acres versus the area average of 0.31) contributes to the valuation. Current inventory shows 7 comparable homes in 78731; a balanced market based on recent absorption. Prices in 78731 have risen 8.3% over the last 6 months. A similar home at 2703 Maria Anna RD, Austin TX 78703 carries an adjusted comparable value of $2,264,646, providing a strong data point. With 3 comparable sales in 78731, 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