5501 Highland Crest DR, Austin TX 78731

Off Market

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Ed's Opinion of Value

$918,646 Ed's Estimate: $1,042,393 $1,269,978

Lowest Comp Recommended List: $1,037,000 to $1,126,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,042,393. To generate strong buyer interest while maximizing value, I'd price this between $1,037,000 and $1,126,000. Against 3 similar active listings in HIGHLAND PARK WEST, this price point lands at the most expensive of 3 comparable homes on the market. The 271 sqft size difference versus comparable sales is reflected in the adjusted values. The 1961 construction puts this home 7 years newer than the comp average, a factor in the pricing. The active market in HIGHLAND PARK WEST includes 3 comparable homes priced from $925,000 to $1,095,000. The trend in HIGHLAND PARK WEST shows prices have fallen 37.4% in the past 6 months. 3601 Arrowhead DR, Austin TX 78731 nearby adjusts to $918,646; with a larger floor plan. The 4 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

HIGHLAND PARK WEST Market Trends

$1,145,000 Median Sold Price ▼ 37.4% 6mo

$442/sqft Median $/SqFt ▼ 11% 6mo

40 days Avg Days on Market 87 days faster

5 homes Active Inventory 2.7 mo supply

97.4% Sale-to-List Ratio

11 Sales (6 months)

Recently Sold Comparables

$918,646 adjusted 3601 Arrowhead DR, Austin TX 78731 3bd / 2.0ba • 2,483 sqft • 0.1 mi Sold 9 months ago

$1,269,978 adjusted 3506 Lakeland DR, Austin TX 78731 3bd / 2.0ba • 2,205 sqft • 0.1 mi Sold 3 months ago

$1,016,690 adjusted 5207 Valley Oak DR, Austin TX 78731 4bd / 3.0ba • 1,850 sqft • 0.4 mi Sold 3 months ago

$998,820 adjusted 3514 Lakeland DR, Austin TX 78731 3bd / 2.0ba • 1,779 sqft • 0.2 mi Sold 10 months ago

Currently on Market

$1,095,000 5932 Highland Hills DR, Austin TX 78731 4bd / 3.0ba • 2,551 sqft • 0.5 mi 82 days on market

$1,050,000 2811 W Fresco DR, Austin TX 78731 4bd / 3.0ba • 2,109 sqft • 0.9 mi 32 days on market

$925,000 4604 Rue ST, Austin TX 78731 4bd / 2.0ba • 2,242 sqft • 1.3 mi 3 days on market

3 Beds

3 Baths 2 Full, 1 Half

2,350 Sq Ft

0.251 Acres

1961 Built

2 Garage

About This Property

Timeless traditional architecture enhances the beauty of this single story ranch style home on a large, private .251 acre lot shaded by the mature oak trees that make this neighborhood so beautiful. This home captures that authentic Austin spirit in one of my favorite Central Austin neighborhoods and is one of Highland Park West's most beautiful offerings. Brick garden walls on either side add character and privacy to the spacious backyard and garden. A lovely brick patio offers a relaxing place to enjoy nature. Living areas filled with natural light flow easily together and a sunroom (not included in the sq footage) adds to the enjoyment. This home is in lovely condition with parquet flooring, built in cabinetry, lots of storage, a spacious primary bedroom with a sitting area and a huge closet, a large tiled utility room and lovely views from every window. Secondary bedrooms are well sized and have good closet space. This home is a real gem.

Features

Bar
Bookcases
Breakfast Bar
Built-in Features
Ceiling Fan(s)
Cathedral Ceiling(s)
Tray Ceiling(s)
Chandelier
Corain Counters
Tile Counters
Crown Molding
Double Vanity
Electric Dryer Hookup
Gas Dryer Hookup
Entrance Foyer
High Speed Internet
Multiple Dining Areas
Multiple Living Areas
No Interior Steps
Pantry
Primary Bedroom on Main
Solar Tube(s)
Storage
Walk-In Closet(s)
Washer Hookup
Wet Bar

Location

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Schools

School District Austin ISD

Elementary Highland Park

Middle School Lamar (Austin ISD)

High School McCallum

Property Details

Property Type Residential

Flooring Carpet, Parquet, Tile

Cooling Ceiling Fan(s), Central Air, Electric

Heating Central, Natural Gas

Exterior Exterior Steps, Garden, Gutters Full, Private Yard

County Travis

MLS # 5238111

Garage 2 spaces

Tax Information

Annual Taxes (MLS) $18,143 (2023)

Listing History

MLS# 5238111 45 days

Feb 8, 2024	Off Market
Dec 7, 2023	Listed		$1,300,000

Frequently Asked Questions About 5501 Highland Crest DR, Austin TX 78731

When was 5501 Highland Crest DR, Austin TX 78731 built?

5501 Highland Crest DR, Austin TX 78731 was built in 1961.

How much does 5501 Highland Crest DR, Austin TX 78731 cost?

5501 Highland Crest DR, Austin TX 78731 sold on February 8, 2024. Contact us for sale price details.

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