5002 Frances PL, Austin TX 78731

The market data from 7 similar recent sales in HIGHLAND points to a value of approximately $655,814. To sell within a reasonable timeframe at fair market value, the $654,000 to $953,000 range is where I'd position this. Against 3 similar active listings in HIGHLAND, this price point lands at the most expensive of 3 comparable homes on the market. The smaller floor plan (749 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1954 construction puts this home 35 years older than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in HIGHLAND, ranging from $565,000 to $629,000. In HIGHLAND, home values have fallen approximately 2.6% over the past 6 months. One of the strongest data points is 5011 W Frances PL, Austin TX 78731, adjusting to $544,020; a strong comparable. The 7 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