8907 Spring Lake DR, Austin TX 78750

After reviewing 6 recent transactions in BALCONES, I estimate this property's value at $1,009,395. A competitive list price for this home right now would fall in the $1,091,000 to $1,121,000 range. This home's position in the current BALCONES market: the most affordable of 4 comparable homes on the market among comparable properties. The larger floor plan (406 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.36 acres versus the area average of 0.32) contributes to the valuation. Current inventory shows 4 comparable homes in BALCONES; a balanced market based on recent absorption. Prices in BALCONES have risen 25.1% over the last 6 months. A similar home at 11923 Brookwood CIR, Austin TX 78750 carries an adjusted comparable value of $886,496, providing a strong data point. With 6 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