5002 Balcones DR, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $875,478. For a well positioned listing in HIGHLAND PARK WEST, I'd target the $683,000 to $693,000 range. With 6 comparable homes on the market in HIGHLAND PARK WEST, this price positions the property as the 3rd most expensive of 6 comparable homes on the market. This home's smaller footprint (128 sqft vs the comp average) plays a role in how the market prices it. At 0.36 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. 6 similar homes are currently available in HIGHLAND PARK WEST, creating a balanced market for this price range. Recent trends in HIGHLAND PARK WEST show home values have fallen 44.8% since 6 months ago. The most comparable recent sale is 3514 Lakeland DR, Austin TX 78731, with an adjusted value of $837,554; with a pool. The 4 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group