The estimated value of this property is $1,015,857, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $831,000 and $841,000. In the current HIGHLANDS market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 261 sqft smaller than the typical comp, the size difference factors into the valuation. The 0.07 acre lot (smaller than the 0.11 acre average) is reflected in the estimate. 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 47% since 6 months ago. The most comparable recent sale is 5303 Avenue G # 1, Austin TX 78751, with an adjusted value of $1,151,518; 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
