3205 Hancock DR, Austin TX 78731

The market data from 3 similar recent sales in HIGHLAND PARK WEST points to a value of approximately $2,123,178. To sell within a reasonable timeframe at fair market value, the $2,169,000 to $2,177,000 range is where I'd position this. With 3 comparable homes on the market in HIGHLAND PARK WEST, this price positions the property as the most affordable of 3 comparable homes on the market. The larger floor plan (384 sqft compared to the average comp) is a meaningful differentiator in this price range. Current inventory shows 3 comparable homes in HIGHLAND PARK WEST; a seller's market based on recent absorption. In HIGHLAND PARK WEST, home values have fallen approximately 21.2% over the past 6 months. One of the strongest data points is 4801 Balcones DR, Austin TX 78731, adjusting to $2,147,223; with a smaller floor plan. The 3 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