2803 W 45th ST, Austin TX 78731

After reviewing 3 recent transactions in HIGHLAND PARK, I estimate this property's value at $859,005. A competitive list price for this home right now would fall in the $507,000 to $517,000 range. Relative to what's currently available in HIGHLAND PARK, this home would be the most expensive of 5 comparable homes on the market. This home's smaller footprint (1,432 sqft vs the comp average) plays a role in how the market prices it. At 25 years older than typical comps, the 1950 build date influences the valuation. Current inventory shows 5 comparable homes in HIGHLAND PARK; a buyer's market based on recent absorption. Prices in HIGHLAND PARK have fallen 2.7% over the last 6 months. A similar home at 4516 Bull Creek RD, Austin TX 78731 carries an adjusted comparable value of $627,085, providing a strong data point. The comp data here (3 sales in HIGHLAND PARK) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus