8800 Spring Lake DR, Austin TX 78750

My analysis of 7 comparable properties puts this home's estimated value at $940,229. Based on how the local market is moving, a list price between $1,044,000 and $1,058,000 would position this home well. Buyers shopping in BALCONES right now would see this as a well positioned option among 7 comparable homes. At 111 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (0.45 acres versus the area average of 0.34) contributes to the valuation. With 7 similar homes currently listed in BALCONES (a balanced market), competition is a factor to consider. The 6 month price trend in BALCONES: risen 42.7%. The best comp here is 9305 Spring Hollow DR, Austin TX 78750 at an adjusted value of $1,150,514, a strong comparable. With 7 comparable sales in BALCONES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group