4606 Madrona DR, Austin TX 78731

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,505,425. I'd recommend coming to market at $1,008,000 to $1,018,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in BALCONES PARK. The 133 sqft size difference versus comparable sales is reflected in the adjusted values. The 0.37 acre lot (larger than the 0.33 acre average) is reflected in the estimate. Current inventory shows 7 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. 4607 Balcones DR, Austin TX 78731 nearby adjusts to $1,448,446; with a smaller floor plan. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group