4005 Madrid CV, Austin TX 78759

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $740,334. Pricing this home between $624,000 and $634,000 would put it in the competitive sweet spot for BALCONES WOODS. This home's position in the current BALCONES WOODS market: the 2nd most expensive of 5 comparable homes on the market among comparable properties. The larger floor plan (128 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 5 comparable homes in BALCONES WOODS; a seller's market based on recent absorption. Market data shows BALCONES WOODS prices fallen 3.1% over the last half year. The closest comparable sale, 11311 ALHAMBRA DR, Austin TX 78759 at an adjusted $627,160, is a strong comparable. The comp data here (7 sales in BALCONES WOODS) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus