4503 Edgemont DR, Austin TX 78731

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,102,842. I'd recommend coming to market at $1,214,000 to $1,252,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd most expensive of 3 comparable homes on the market comparable homes currently on the market in BALCONES PARK. The 211 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.26 acre lot (smaller than the 0.29 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in BALCONES PARK; a buyer's market based on recent absorption. The trend in 78731 shows prices have fallen 15.3% in the past 6 months. 5706 Highland Hills CIR, Austin TX 78731 nearby adjusts to $1,214,479; a strong comparable. Based on 6 relevant data points in BALCONES PARK, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX