5604 Caprice DR, Austin TX 78731

Reviewing the most recent comparable transactions, this home's market value falls around $1,785,681. For a well positioned listing in HIGHLAND PARK WEST, I'd target the $996,000 to $1,006,000 range. In the current HIGHLAND PARK WEST market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. The 347 sqft size difference versus comparable sales is reflected in the adjusted values. The 1965 construction puts this home 19 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in HIGHLAND PARK WEST; a seller's market based on recent absorption. Recent trends in HIGHLAND PARK WEST show home values have fallen 21.2% since 6 months ago. The most comparable recent sale is 5322 Western Hills DR, Austin TX 78731, with an adjusted value of $2,340,160; with a smaller floor plan and a pool. The 7 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