3516 Lakeland DR, Austin TX 78731

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $1,157,190. I'd recommend coming to market at $1,013,000 to $1,023,000 to strike the right balance between value and market velocity. In the current HIGHLAND PARK WEST market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. This home's larger footprint (292 sqft vs the comp average) plays a role in how the market prices it. The 0.21 acre lot (smaller than the 0.26 acre average) is reflected in the estimate. Buyers in HIGHLAND PARK WEST have 4 comparable options right now, with asking prices between $899,000 and $1,050,000. The trend in HIGHLAND PARK WEST shows prices have fallen 28.3% in the past 6 months. 3601 Arrowhead DR, Austin TX 78731 nearby adjusts to $907,568; a strong comparable. With 4 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group