5101 Balcones DR, Austin TX 78731

Based on what similar homes have actually sold for within half a mile, I'd place this property's value at $804,186. I'd recommend coming to market at $560,000 to $570,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in HIGHLAND PARK WEST. The smaller floor plan (925 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.21 acre lot (smaller than the 0.31 acre average) is reflected in the estimate. Right now, 4 similar properties are competing for buyers in HIGHLAND PARK WEST, listed between $560,000 and $629,000. The trend in HIGHLAND PARK WEST shows prices have fallen 21.2% in the past 6 months. 3506 Lakeland DR, Austin TX 78731 nearby adjusts to $965,150; with a larger floor plan. Based on 7 relevant data points in HIGHLAND PARK WEST, 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