4528 Balcones DR, Austin TX 78731

My analysis of 6 comparable properties puts this home's estimated value at $1,793,307. Based on how the local market is moving, a list price between $1,169,000 and $1,179,000 would position this home well. This would position the home competitively among 7 active listings in BALCONES PARK. Having a pool is a plus; 2 of the 6 comps lacked one. The larger lot (0.46 acres versus the area average of 0.41) contributes to the valuation. Current inventory shows 7 comparable homes in BALCONES PARK; a buyer's market based on recent absorption. The 6 month price trend in 78731: fallen 15.3%. The best comp here is 4506 Crestway DR, Austin TX 78731 at an adjusted value of $2,893,174, with a larger floor plan. With 6 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