4705 Highland TER, Austin TX 78731

The market data from 4 similar recent sales in HIGHLAND PARK WEST points to a value of approximately $892,680. To sell within a reasonable timeframe at fair market value, the $708,000 to $718,000 range is where I'd position this. In the current HIGHLAND PARK WEST market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (383 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.49 acres, the lot is larger than the 0.35 acre comp average, which factors into pricing. Buyers in HIGHLAND PARK WEST have 7 comparable options right now, with asking prices between $675,000 and $1,275,000. In HIGHLAND PARK WEST, home values have fallen approximately 43.2% over the past 6 months. One of the strongest data points is 3506 Lakeland DR, Austin TX 78731, adjusting to $1,165,602; with a larger floor plan. 4 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