3206 Highland TER W, Austin TX 78731

The market data from 4 similar recent sales in HIGHLAND PARK WEST points to a value of approximately $696,171. To sell within a reasonable timeframe at fair market value, the $546,000 to $556,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in HIGHLAND PARK WEST. Being 119 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.34 acres, the lot is larger than the 0.23 acre comp average, which factors into pricing. With 3 similar homes currently listed in HIGHLAND PARK WEST (a balanced market), competition is a factor to consider. In HIGHLAND PARK WEST, home values have fallen approximately 28.4% over the past 6 months. One of the strongest data points is 5203 Valley Oak DR, Austin TX 78731, adjusting to $617,341; with a smaller floor plan. The 4 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