The estimated value of this property is $984,920, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $862,000 and $872,000. In the current HIGHLANDS market with 3 similar homes available, this price represents the 0th most expensive of 3 comparable homes on the market. At 112 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2015, this home is 5 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in HIGHLANDS; a buyer's market based on recent absorption. Recent trends in HIGHLANDS show home values have risen 42% since 6 months ago. The most comparable recent sale is 5303 Avenue G # 1, Austin TX 78751, with an adjusted value of $1,151,005; a strong comparable. Based on 7 relevant data points in HIGHLANDS, 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
