4802 W Frances PL, Austin TX 78731

Based on 7 closed sales in HIGHLAND, the data points to a value around $657,539 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $671,000 to $978,000. This pricing would rank the home as the most expensive of 3 comparable homes on the market in HIGHLAND's current inventory. This home's smaller footprint (683 sqft vs the comp average) plays a role in how the market prices it. Being built in 1954 (35 years older than comps) is factored into the value estimate. Current inventory shows 3 comparable homes in HIGHLAND; a balanced market based on recent absorption. Market data shows HIGHLAND prices fallen 2.6% over the last half year. The closest comparable sale, 5011 W Frances PL, Austin TX 78731 at an adjusted $560,646, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in HIGHLAND. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group