5403 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 $497,315. I'd recommend coming to market at $487,000 to $507,000 to strike the right balance between value and market velocity. In the current DEER PARK market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. At 130 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1966, this home is 6 years older than the average comp, which is reflected in the adjustments. Current inventory shows 7 comparable homes in DEER PARK; a balanced market based on recent absorption. The trend in DEER PARK shows prices have fallen 27.7% in the past 6 months. 2203 Falcon Hill DR, Austin TX 78745 nearby adjusts to $505,065; with a larger floor plan. With 4 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