4803 W Frances PL, Austin TX 78731

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $638,177. To generate strong buyer interest while maximizing value, I'd price this between $273,000 and $283,000. Against 5 similar active listings in HIGHLAND, this price point lands at the 3rd most expensive of 5 comparable homes on the market. The smaller floor plan (744 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1952 construction puts this home 27 years older than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in HIGHLAND; a balanced market based on recent absorption. The trend in HIGHLAND shows prices have risen 1.8% in the past 6 months. 403 Swanee DR # 2, Austin TX 78752 nearby adjusts to $466,806; a strong comparable. 7 comparable transactions in HIGHLAND 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