8007 Northforest DR, Austin TX 78759

Reviewing the most recent comparable transactions, this home's market value falls around $492,647. For a well positioned listing in BALCONES WEST, I'd target the $269,000 to $279,000 range. Against 7 similar active listings in BALCONES WEST, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The 1964 construction puts this home 11 years older than the comp average, a factor in the pricing. At 0.22 acres, the lot is larger than the 0.15 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in BALCONES WEST; a balanced market based on recent absorption. Recent trends in 78759 show home values have risen 5.3% since 6 months ago. The most comparable recent sale is 8730 N Mo Pac EXPY # 101, Austin TX 78759, with an adjusted value of $213,665; a strong comparable. 7 comparable transactions in BALCONES WEST support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group