4007 Edgemont DR, Austin TX 78731

My analysis of 4 comparable properties puts this home's estimated value at $1,905,228. Based on how the local market is moving, a list price between $1,424,000 and $1,434,000 would position this home well. This home's position in the current BALCONES PARK market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The larger lot (0.44 acres versus the area average of 0.37) contributes to the valuation. 7 similar homes are currently available in BALCONES PARK, creating a balanced market for this price range. The 6 month price trend in BALCONES PARK: fallen 30.6%. The best comp here is 3302 Cherry Tree CIR, Austin TX 78731 at an adjusted value of $2,222,887, with a larger floor plan and a pool. The comp data here (4 sales in BALCONES PARK) 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