3302 Hancock DR, Austin TX 78731

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $1,163,893. I'd recommend coming to market at $1,277,000 to $1,432,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in HIGHLAND PARK WEST. Being 332 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.17 acre lot (smaller than the 0.35 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in HIGHLAND PARK WEST; a balanced market based on recent absorption. The trend in HIGHLAND PARK WEST shows prices have fallen 39.3% in the past 6 months. 4715 Highland TER, Austin TX 78731 nearby adjusts to $1,244,381; with a larger floor plan. Based on 7 relevant data points in HIGHLAND PARK WEST, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX