5005 West Park DR, Austin TX 78731

The market data from 5 similar recent sales in HIGHLAND points to a value of approximately $1,461,256. To sell within a reasonable timeframe at fair market value, the $2,171,000 to $2,211,000 range is where I'd position this. Against 4 similar active listings in HIGHLAND, this price point lands at the most affordable of 4 comparable homes on the market. At 778 sqft larger than the typical comp, the size difference factors into the valuation. The 2018 construction puts this home 39 years newer than the comp average, a factor in the pricing. There are currently 4 similar homes on the market in HIGHLAND, ranging from $2,349,500 to $2,400,000. In HIGHLAND, home values have fallen approximately 9.8% over the past 6 months. One of the strongest data points is 2903 Village DR, Austin TX 78731, adjusting to $1,614,514; with a smaller floor plan. 5 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