4507 Balcones DR, Austin TX 78731

The market data from 7 similar recent sales in BALCONES PARK points to a value of approximately $2,053,138. To sell within a reasonable timeframe at fair market value, the $1,725,000 to $1,735,000 range is where I'd position this. Against 7 similar active listings in BALCONES PARK, this price point lands at the 3rd least expensive of 7 comparable homes on the market. The 1959 construction puts this home 13 years older than the comp average, a factor in the pricing. At 0.79 acres, the lot is larger than the 0.33 acre comp average, which factors into pricing. 7 similar homes are currently available in BALCONES PARK, creating a seller's market for this price range. In BALCONES PARK, home values have fallen approximately 30.6% over the past 6 months. One of the strongest data points is 3302 Cherry Tree CIR, Austin TX 78731, adjusting to $2,700,047; with a smaller floor plan and a pool. 7 comparable transactions in BALCONES PARK support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group