2908 Terrain LN, Austin TX 78731

My analysis of 3 comparable properties puts this home's estimated value at $1,210,997. Based on how the local market is moving, a list price between $582,000 and $592,000 would position this home well. This home's position in the current HIGHLAND PARK market: the most expensive of 4 comparable homes on the market among comparable properties. The 2,135 sqft size difference versus comparable sales is reflected in the adjusted values. At 51 years older than typical comps, the 1950 build date influences the valuation. With 4 similar homes currently listed in HIGHLAND PARK (a balanced market), competition is a factor to consider. The 6 month price trend in HIGHLAND PARK: risen 0.6%. The best comp here is 4503 Highland TER, Austin TX 78731 at an adjusted value of $939,575, with a larger floor plan. With 3 comparable sales in HIGHLAND PARK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group