5229 Kings Highway, Austin TX 78745

Reviewing the most recent comparable transactions, this home's market value falls around $452,580. For a well positioned listing in DEER PARK, I'd target the $511,000 to $512,000 range. With 7 comparable homes on the market in DEER PARK, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The smaller floor plan (129 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1963 construction puts this home 6 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in DEER PARK; a buyer's market based on recent absorption. Recent trends in 78745 show home values have risen 1.5% since 6 months ago. The most comparable recent sale is 5507 Kings Highway, Austin TX 78745, with an adjusted value of $266,427; with a larger floor plan. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group