4806 W Frances PL, Austin TX 78731

The comparable sales data (7 recent transactions in HIGHLAND) supports an estimated value of $571,934. The data suggests a list price between $709,000 and $833,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 3rd most expensive of 5 comparable homes on the market in HIGHLAND's current inventory. This home's smaller footprint (717 sqft vs the comp average) plays a role in how the market prices it. Being built in 1953 (36 years older than comps) is factored into the value estimate. Current inventory shows 5 comparable homes in HIGHLAND; a buyer's market based on recent absorption. Prices in HIGHLAND have fallen 2.6% over the last 6 months. A similar home at 5011 W Frances PL, Austin TX 78731 carries an adjusted comparable value of $495,420, providing a strong data point. 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