Based on 7 closed sales in HIGHLANDS, the data points to a value around $644,412 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $237,000 to $247,000. This would position the home competitively among 7 active listings in HIGHLANDS. Being built in 1986 (13 years newer than comps) is factored into the value estimate. Right now, 7 similar properties are competing for buyers in HIGHLANDS, listed between $260,000 and $799,999. Market data shows HIGHLANDS prices fallen 2.8% over the last half year. The closest comparable sale, 5511 Duval ST, Austin TX 78751 at an adjusted $452,816, is a strong comparable. The strength of this estimate comes from 7 directly comparable sales in HIGHLANDS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group