4706 Highland TER, Austin TX 78731

After reviewing 5 recent transactions in HIGHLAND PARK WEST, I estimate this property's value at $1,004,663. A competitive list price for this home right now would fall in the $629,000 to $639,000 range. This would position the home competitively among 7 active listings in HIGHLAND PARK WEST. The smaller floor plan (133 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (0.50 acres versus the area average of 0.38) contributes to the valuation. There are currently 7 similar homes on the market in HIGHLAND PARK WEST, ranging from $595,000 to $1,200,000. Prices in HIGHLAND PARK WEST have fallen 40.3% over the last 6 months. A similar home at 4804 Balcones DR, Austin TX 78731 carries an adjusted comparable value of $1,081,862, providing a strong data point. With 5 comparable sales in HIGHLAND PARK WEST, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group