4800 Balcones DR, Austin TX 78731

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $940,410. To generate strong buyer interest while maximizing value, I'd price this between $494,000 and $504,000. With 7 comparable homes on the market in HIGHLAND PARK WEST, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. At 106 sqft larger than the typical comp, the size difference factors into the valuation. At 0.41 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in HIGHLAND PARK WEST; a balanced market based on recent absorption. The trend in HIGHLAND PARK WEST shows prices have fallen 37.4% in the past 6 months. 3514 Lakeland DR, Austin TX 78731 nearby adjusts to $924,927; with a pool. 5 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