8701 Crest Ridge CIR, Austin TX 78750

The estimated value of this property is $830,576, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $693,000 and $703,000. Against 7 similar active listings in BALCONES, this price point lands at the 4th most expensive of 7 comparable homes on the market. This home's smaller footprint (114 sqft vs the comp average) plays a role in how the market prices it. The 0.50 acre lot (larger than the 0.37 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in BALCONES; a balanced market based on recent absorption. Recent trends in BALCONES show home values have risen 36.3% since 6 months ago. The most comparable recent sale is 9107 Cedar Crest DR, Austin TX 78750, with an adjusted value of $1,058,504; a strong comparable. With 3 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