After reviewing 4 recent transactions in HIGHLANDS, I estimate this property's value at $598,550. A competitive list price for this home right now would fall in the $461,000 to $471,000 range. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in HIGHLANDS's current inventory. The 202 sqft size difference versus comparable sales is reflected in the adjusted values. With 7 similar homes currently listed in HIGHLANDS (a buyer's market), competition is a factor to consider. Prices in HIGHLANDS have risen 32.1% over the last 6 months. A similar home at 5205 Martin Ave, Austin TX 78751 carries an adjusted comparable value of $661,290, providing a strong data point. With 4 comparable sales in HIGHLANDS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group