The market data from 7 similar recent sales in HIGHLAND PARK WEST points to a value of approximately $1,882,295. To sell within a reasonable timeframe at fair market value, the $2,024,000 to $2,031,000 range is where I'd position this. Among the similar homes currently available in HIGHLAND PARK WEST, this price point stands out as competitive. The 2020 construction puts this home 38 years newer than the comp average, a factor in the pricing. At 0.20 acres, the lot is smaller than the 0.41 acre comp average, which factors into pricing. The active market in HIGHLAND PARK WEST includes 4 comparable homes priced from $1,795,000 to $2,299,000. In HIGHLAND PARK WEST, home values have fallen approximately 44.8% over the past 6 months. One of the strongest data points is 5218 Valley Oak DR, Austin TX 78731, adjusting to $2,002,574; with a larger floor plan and a pool. 7 comparable transactions in HIGHLAND PARK WEST support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
