9307 Springwood DR, Austin TX 78750

The market data from 7 similar recent sales in BALCONES points to a value of approximately $1,012,202. To sell within a reasonable timeframe at fair market value, the $1,189,000 to $1,190,000 range is where I'd position this. In the current BALCONES market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. The 642 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.30 acres, the lot is smaller than the 0.33 acre comp average, which factors into pricing. Buyers in BALCONES have 3 comparable options right now, with asking prices between $1,075,000 and $1,650,000. In BALCONES, home values have risen approximately 40.9% over the past 6 months. One of the strongest data points is 9305 Spring Hollow DR, Austin TX 78750, adjusting to $1,188,596; with a smaller floor plan. 7 comparable transactions in BALCONES 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