5016 Placid PL, Austin TX 78731

The estimated value of this property is $751,104, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $650,000 and $660,000. With 5 comparable homes on the market in HIGHLAND, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. Being 422 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1954, this home is 35 years older than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in HIGHLAND, listed between $565,000 and $1,125,000. Recent trends in HIGHLAND show home values have fallen 2.6% since 6 months ago. The most comparable recent sale is 5011 W Frances PL, Austin TX 78731, with an adjusted value of $632,878; with a smaller floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group