The comparable sales data (3 recent transactions in HIGHLAND PARK WEST) supports an estimated value of $2,156,626. The data suggests a list price between $1,390,000 and $1,400,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in HIGHLAND PARK WEST, this home would be the most expensive of 3 comparable homes on the market. The smaller floor plan (376 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2007 (8 years older than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in HIGHLAND PARK WEST; a seller's market based on recent absorption. Prices in HIGHLAND PARK WEST have fallen 44.8% over the last 6 months. A similar home at 3201 Sunny LN, Austin TX 78731 carries an adjusted comparable value of $1,850,363, providing a strong data point. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
