Market Research Report: 2313 Balboa Rd, Austin, TX 78733
Property Overview
Address: 2313 Balboa Rd, Austin, TX 78733
Property Type: Single-family residence
Year Built: 1995
Lot Size: 0.28 acres (11,979 sq ft)
Living Area: 2,123 sq ft
Bedrooms: 4
Bathrooms: 2
Parking: Carport with space for 3 vehicles
Neighborhood: Austin Lake Estates, Travis County
School District: Eanes Independent School District
Property Features
- Interior:
- Vaulted ceilings
- Wood and tile flooring
- Dry stacked stone fireplace
- Granite countertops in kitchen
- Stainless steel appliances
- Updated bathrooms with marble countertops
- Converted garage space suitable for various uses
- Exterior:
- Covered wood deck
- Mature vegetable garden
- Proximity to Lake Austin waterfront amenities, including park, pool, boat ramp, and day docks
Market Analysis
Recent Sales Data
- Last Listed Price: $565,000 in September 2020
- Sold Price: $580,000 in October 2020
- Estimated Market Value (2025): $800,915
Comparable Properties
- 11516 Eagles Glen Dr, Austin, TX 78732: Listed at $1,499,994; 5 beds, 3.5 baths, 5,100 sq ft
- 12701 Appaloosa Chase Dr, Austin, TX 78732: Listed at $659,999; 4 beds, 3 baths, 2,749 sq ft
- 7228 Oak Shores Dr, Austin, TX 78730: Listed at $1,699,900; 5 beds, 4 baths, 4,133 sq ft
Neighborhood Insights
- Valley View Elementary School: 9/10 rating, approximately 5.2 miles away
- West Ridge Middle School: 10/10 rating, approximately 3.3 miles away
- Westlake High School: 9/10 rating, approximately 5.8 miles away
Market Trends
- Median Sale Price in 78733 ZIP Code: $1.1 million
- Average Days on Market: 64 days
- Sale-to-List Price Ratio: 95.2%
Investment Considerations
- Appreciation Potential: The property has experienced significant appreciation since its last sale in 2020, indicating strong demand in the area.
- Rental Income Potential: Given its proximity to Lake Austin and local amenities, the property may command a premium rental rate.
- Market Demand: The Austin real estate market remains robust, with a high demand for properties in desirable neighborhoods like Austin Lake Estates.
