4602 Highland TER, Austin TX 78731

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $942,694. I'd recommend coming to market at $538,000 to $548,000 to strike the right balance between value and market velocity. Against 3 similar active listings in HIGHLAND PARK, this price point lands at the most expensive of 3 comparable homes on the market. The smaller floor plan (1,676 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1947, this home is 41 years older than the average comp, which is reflected in the adjustments. With 3 similar homes currently listed in HIGHLAND PARK (a buyer's market), competition is a factor to consider. The trend in HIGHLAND PARK shows prices have risen 3.6% in the past 6 months. 2802 Perry LN, Austin TX 78731 nearby adjusts to $641,862; with a larger floor plan. 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