5006 West Park DR, Austin TX 78731

Based on 7 closed sales in HIGHLAND, the data points to a value around $640,158 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $164,000 to $174,000. Buyers shopping in HIGHLAND right now would see this as a well positioned option among 5 comparable homes. Being 960 sqft smaller than the average comparable sale in this area impacts the per square foot value. Being built in 1950 (6 years older than comps) is factored into the value estimate. With 5 similar homes currently listed in HIGHLAND (a balanced market), competition is a factor to consider. Market data shows HIGHLAND prices risen 11.9% over the last half year. The closest comparable sale, 5010 W Frances PL, Austin TX 78731 at an adjusted $519,375, is with a larger floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help. Ed Neuhaus