4007 Balcones DR, Austin TX 78731

The market data from 7 similar recent sales in BALCONES PARK points to a value of approximately $2,364,367. To sell within a reasonable timeframe at fair market value, the $2,731,000 to $2,857,000 range is where I'd position this. Among the similar homes currently available in BALCONES PARK, this price point stands out as competitive. At 297 sqft larger than the typical comp, the size difference factors into the valuation. At 0.51 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. With 7 similar homes currently listed in BALCONES PARK (a buyer's market), competition is a factor to consider. In 78731, home values have fallen approximately 15.8% over the past 6 months. One of the strongest data points is 3801 Bonnell DR, Austin TX 78731, adjusting to $2,254,823; with a smaller floor plan and a pool. 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