5011 Balcones DR # 1, Austin TX 78731

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,104,152. I'd recommend coming to market at $779,000 to $789,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in 5011 BALCONES CONDO AME, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (126 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 2014, this home is 12 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in 5011 BALCONES CONDO AME, creating a buyer's market for this price range. The trend in 78731 shows prices have fallen 17.2% in the past 6 months. 2903 Village DR, Austin TX 78731 nearby adjusts to $1,357,823; with a larger floor plan. Based on 7 relevant data points in 5011 BALCONES CONDO AME, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX