The estimated value of this property is $925,286, based on 3 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $907,000 and $944,000. In the current HIGHLANDS market with 4 similar homes available, this price represents the 2nd most expensive of 4 comparable homes on the market. Built in 2015, this home is 10 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in HIGHLANDS; a balanced market based on recent absorption. Recent trends in HIGHLANDS show home values have risen 1.4% since 6 months ago. The most comparable recent sale is 5212 Evans Ave, Austin TX 78751, with an adjusted value of $822,525; a strong comparable. Based on 3 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
