5320 Balcones DR # B, Austin TX 78731

The estimated value of this property is $184,294, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $179,000 and $190,000. In the current 78731 market with 7 similar homes available, this price represents the 2nd least expensive of 7 comparable homes on the market. Built in 1960, this home is 34 years older than the average comp, which is reflected in the adjustments. The 0.06 acre lot (smaller than the 0.09 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in 78731, listed between $175,000 and $239,000. Recent trends in 78731 show home values have fallen 15.3% since 6 months ago. The most comparable recent sale is 3839 Dry Creek DR # 207, Austin TX 78731, with an adjusted value of $166,023; a strong comparable. With 7 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