5018 W Frances PL, Austin TX 78731

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $694,651. I'd recommend coming to market at $481,000 to $491,000 to strike the right balance between value and market velocity. Against 4 similar active listings in HIGHLAND, this price point lands at the most expensive of 4 comparable homes on the market. Being 611 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1954, this home is 27 years older than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in HIGHLAND (a balanced market), competition is a factor to consider. The trend in HIGHLAND shows prices have risen 1.8% in the past 6 months. 5011 W Frances PL, Austin TX 78731 nearby adjusts to $549,650; a strong comparable. Based on 7 relevant data points in HIGHLAND, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX