5216 Kings Highway, Austin TX 78745

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $547,180. I'd recommend coming to market at $621,000 to $631,000 to strike the right balance between value and market velocity. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in DEER PARK. Built in 1964, this home is 5 years older than the average comp, which is reflected in the adjustments. The 0.35 acre lot (larger than the 0.26 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in DEER PARK, listed between $475,000 and $775,000. The trend in 78745 shows prices have fallen 5.2% in the past 6 months. 5403 Fairmont CIR, Austin TX 78745 nearby adjusts to $631,334; a strong comparable. With 3 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group