2907 Village DR, Austin TX 78731

The market data from 7 similar recent sales in HIGHLAND points to a value of approximately $660,485. To sell within a reasonable timeframe at fair market value, the $486,000 to $496,000 range is where I'd position this. Against 4 similar active listings in HIGHLAND, this price point lands at the most expensive of 4 comparable homes on the market. The 499 sqft size difference versus comparable sales is reflected in the adjusted values. The 1952 construction puts this home 27 years older than the comp average, a factor in the pricing. Current inventory shows 4 comparable homes in HIGHLAND; a buyer's market based on recent absorption. In HIGHLAND, home values have risen approximately 3.1% over the past 6 months. One of the strongest data points is 5011 W Frances PL, Austin TX 78731, adjusting to $535,419; a strong comparable. 7 comparable transactions in HIGHLAND 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