4607 Madrona DR, Austin TX 78731

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,817,939. I'd recommend coming to market at $1,763,000 to $1,872,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in BALCONES PARK. At 591 sqft larger than the typical comp, the size difference factors into the valuation. The 0.38 acre lot (smaller than the 0.42 acre average) is reflected in the estimate. Buyers in BALCONES PARK have 3 comparable options right now, with asking prices between $1,985,000 and $3,399,000. The trend in 78731 shows prices have fallen 8.4% in the past 6 months. 4607 Balcones DR, Austin TX 78731 nearby adjusts to $1,548,720; with a smaller floor plan. With 5 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