9308 Springwood DR, Austin TX 78750

The market data from 7 similar recent sales in BALCONES points to a value of approximately $1,057,860. To sell within a reasonable timeframe at fair market value, the $858,000 to $868,000 range is where I'd position this. In the current BALCONES market with 5 similar homes available, this price represents the 2nd most expensive of 5 comparable homes on the market. The larger floor plan (316 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1979 construction puts this home 5 years newer than the comp average, a factor in the pricing. Buyers in BALCONES have 5 comparable options right now, with asking prices between $809,900 and $1,165,000. In BALCONES, home values have risen approximately 42.7% over the past 6 months. One of the strongest data points is 9403 Spring Hollow DR, Austin TX 78750, adjusting to $1,182,551; 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