The comparable sales data (7 recent transactions in HIGHLANDS) supports an estimated value of $1,321,953. The data suggests a list price between $1,406,000 and $1,411,000 would attract qualified buyers without leaving money on the table. This would position the home competitively among 4 active listings in HIGHLANDS. This home's larger footprint (223 sqft vs the comp average) plays a role in how the market prices it. Being built in 2007 (6 years older than comps) is factored into the value estimate. 4 similar homes are currently available in HIGHLANDS, creating a buyer's market for this price range. Prices in HIGHLANDS have risen 47% over the last 6 months. A similar home at 5008 Avenue H Ave, Austin TX 78751 carries an adjusted comparable value of $1,604,606, providing a strong data point. 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