9104 Spring Lake DR, Austin TX 78750

After reviewing 7 recent transactions in BALCONES, I estimate this property's value at $1,113,691. A competitive list price for this home right now would fall in the $1,229,000 to $1,250,000 range. Relative to what's currently available in BALCONES, this home would be the 2nd least expensive of 5 comparable homes on the market. Being 127 sqft larger than the average comparable sale in this area impacts the per square foot value. Having a pool is a plus; 6 of the 7 comps lacked one. Current inventory shows 5 comparable homes in BALCONES; a seller's market based on recent absorption. Prices in BALCONES have risen 49.6% over the last 6 months. A similar home at 9407 Springwood DR, Austin TX 78750 carries an adjusted comparable value of $953,035, providing a strong data point. 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