5501 Caprice DR, Austin TX 78731

Based on 3 closed sales in HIGHLAND PARK WEST, the data points to a value around $1,186,480 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,381,000 to $1,652,000. This pricing would rank the home as the most affordable of 4 comparable homes on the market in HIGHLAND PARK WEST's current inventory. At 551 sqft larger than the typical comp, the size difference factors into the valuation. Lot size matters here: 0.26 acres versus 0.32 for the typical comp. With 4 similar homes currently listed in HIGHLAND PARK WEST (a balanced market), competition is a factor to consider. Market data shows HIGHLAND PARK WEST prices fallen 39.3% over the last half year. The closest comparable sale, 3601 Arrowhead DR, Austin TX 78731 at an adjusted $1,041,664, is with a smaller floor plan. The strength of this estimate comes from 3 directly comparable sales in HIGHLAND PARK WEST. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group