5001 Fairview DR # A, Austin TX 78731

Based on 7 closed sales in HIGHLAND PARK WEST, the data points to a value around $813,311 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $607,000 to $617,000. Relative to what's currently available in HIGHLAND PARK WEST, this home would be the most expensive of 3 comparable homes on the market. Being 723 sqft smaller than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 0.20 acres versus 0.31 for the typical comp. Right now, 3 similar properties are competing for buyers in HIGHLAND PARK WEST, listed between $565,000 and $635,000. Market data shows HIGHLAND PARK WEST prices fallen 21.2% over the last half year. The closest comparable sale, 3518 Lakeland DR, Austin TX 78731 at an adjusted $686,961, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in HIGHLAND PARK WEST. 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