3900 Balcones DR, Austin TX 78731

The comparable sales data (7 recent transactions in 78731) supports an estimated value of $4,400,235. The data suggests a list price between $4,963,000 and $5,729,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in 78731, this home would be the 3rd least expensive of 7 comparable homes on the market. The 160 sqft size difference versus comparable sales is reflected in the adjusted values. Being built in 1958 (14 years older than comps) is factored into the value estimate. Current inventory shows 7 comparable homes in 78731; a buyer's market based on recent absorption. Prices in 78731 have fallen 15.3% over the last 6 months. A similar home at 5 Green Lane LN, Austin TX 78703 carries an adjusted comparable value of $3,676,074, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in 78731. 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