3901 Balcones DR, Austin TX 78731

The estimated value of this property is $5,148,832, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $3,448,000 and $3,458,000. In the current 78731 market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. The larger floor plan (2,940 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1958, this home is 18 years older than the average comp, which is reflected in the adjustments. Right now, 3 similar properties are competing for buyers in 78731, listed between $2,895,000 and $7,950,000. Recent trends in 78731 show home values have fallen 15.3% since 6 months ago. The most comparable recent sale is 5 Green Lane LN, Austin TX 78703, with an adjusted value of $4,324,437; with a smaller floor plan. Based on 7 relevant data points in 78731, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX