3003 Village DR, Austin TX 78731

My analysis of 7 comparable properties puts this home's estimated value at $866,761. Based on how the local market is moving, a list price between $680,000 and $690,000 would position this home well. Relative to what's currently available in HIGHLAND, this home would be the 3rd most expensive of 5 comparable homes on the market. At 28 years older than typical comps, the 1953 build date influences the valuation. The larger lot (0.23 acres versus the area average of 0.18) contributes to the valuation. With 5 similar homes currently listed in HIGHLAND (a balanced market), competition is a factor to consider. The 6 month price trend in HIGHLAND: risen 2.8%. The best comp here is 2809 W 50th ST, Austin TX 78731 at an adjusted value of $1,111,568, a strong comparable. With 7 comparable sales in HIGHLAND, 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