4512 Placid PL, Austin TX 78731

The market data from 4 similar recent sales in HIGHLAND PARK points to a value of approximately $1,361,471. To sell within a reasonable timeframe at fair market value, the $1,616,000 to $1,738,000 range is where I'd position this. Against 3 similar active listings in HIGHLAND PARK, this price point lands at the most expensive of 3 comparable homes on the market. This home's smaller footprint (826 sqft vs the comp average) plays a role in how the market prices it. The 2016 construction puts this home 28 years newer than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in HIGHLAND PARK; a buyer's market based on recent absorption. In HIGHLAND PARK, home values have risen approximately 0.6% over the past 6 months. One of the strongest data points is 4516 Bull Creek RD, Austin TX 78731, adjusting to $938,573; 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