Taking into account 5 nearby comparable sales, this property's estimated value comes to $2,591,009. If we were to list this property today, I'd recommend a list price in the $2,513,000 to $2,669,000 range. This home's position in the current BALCONES PARK market: the most expensive of 3 comparable homes on the market among comparable properties. The 117 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.46 acres versus 0.36 for the typical comp. The active market in BALCONES PARK includes 3 comparable homes priced from $2,195,000 to $2,699,000. The 6 month price trend in 78731: fallen 15.3%. The best comp here is 4801 Balcones DR, Austin TX 78731 at an adjusted value of $2,274,315, a strong comparable. This estimate draws on 5 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus