4602 Madrona DR, Austin TX 78731

After adjusting 6 comparable sales for differences in size, age, and features, this home's estimated value is $1,096,532. Pricing this home between $776,000 and $786,000 would put it in the competitive sweet spot for BALCONES PARK. This home's position in the current BALCONES PARK market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. This home's smaller footprint (102 sqft vs the comp average) plays a role in how the market prices it. The larger lot (0.40 acres versus the area average of 0.33) contributes to the valuation. The active market in BALCONES PARK includes 4 comparable homes priced from $675,000 to $1,123,000. Market data shows 78731 prices risen 1.4% over the last half year. The closest comparable sale, 3415 Shinoak DR, Austin TX 78731 at an adjusted $1,314,860, is a strong comparable. The comp data here (6 sales in BALCONES PARK) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus