12900 High Sierra, Austin TX 78737

The market data from 7 similar recent sales in 78737 points to a value of approximately $679,866. To sell within a reasonable timeframe at fair market value, the $505,000 to $515,000 range is where I'd position this. With 2 comparable homes on the market in 78737, this price positions the property as the most expensive of 2 comparable homes on the market. The 1981 construction puts this home 15 years older than the comp average, a factor in the pricing. At 8.69 acres, the lot is larger than the 2.23 acre comp average, which factors into pricing. Right now, 2 similar properties are competing for buyers in 78737, listed between $449,000 and $750,000. In 78737, home values have risen approximately 1.4% over the past 6 months. One of the strongest data points is 31305 RR 12, Dripping Springs TX 78620, adjusting to $656,271; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group