4500 Edgemont DR, Austin TX 78731

My analysis of 4 comparable properties puts this home's estimated value at $2,055,270. Based on how the local market is moving, a list price between $2,585,000 and $3,396,000 would position this home well. This pricing would rank the home as the most affordable of 3 comparable homes on the market in BALCONES PARK's current inventory. The 221 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (0.47 acres versus the area average of 0.38) contributes to the valuation. There are currently 3 similar homes on the market in BALCONES PARK, ranging from $2,699,000 to $4,250,000. The 6 month price trend in 78731: fallen 17.2%. The best comp here is 4801 Balcones DR, Austin TX 78731 at an adjusted value of $2,410,189, with a smaller floor plan. With 4 comparable sales in BALCONES PARK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group