5207 Balcones DR, Austin TX 78731

After reviewing 7 recent transactions in HIGHLAND PARK WEST, I estimate this property's value at $764,258. A competitive list price for this home right now would fall in the $483,000 to $493,000 range. This would position the home competitively among 4 active listings in HIGHLAND PARK WEST. This home's smaller footprint (1,018 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.21 acres versus the area average of 0.31) contributes to the valuation. With 4 similar homes currently listed in HIGHLAND PARK WEST (a seller's market), competition is a factor to consider. Prices in HIGHLAND PARK WEST have fallen 21.2% over the last 6 months. A similar home at 3506 Lakeland DR, Austin TX 78731 carries an adjusted comparable value of $921,926, providing a strong data point. With 7 comparable sales in HIGHLAND PARK WEST, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group