2811 W 50th ST, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $845,034. For a well positioned listing in HIGHLAND, I'd target the $732,000 to $742,000 range. With 7 comparable homes on the market in HIGHLAND, this price positions the property as the 4th most expensive of 7 comparable homes on the market. Being 213 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 1965 construction puts this home 24 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in HIGHLAND; a balanced market based on recent absorption. Recent trends in HIGHLAND show home values have fallen 2.6% since 6 months ago. The most comparable recent sale is 2809 W 50th ST, Austin TX 78731, with an adjusted value of $1,164,889; 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