After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,201,481. Pricing this home between $928,000 and $938,000 would put it in the competitive sweet spot for WESTLAKE HIGHLANDS. This pricing would rank the home as the 3rd least expensive of 7 comparable homes on the market in WESTLAKE HIGHLANDS's current inventory. At 5 years older than typical comps, the 1971 build date influences the valuation. The larger lot (2.40 acres versus the area average of 0.69) contributes to the valuation. Current inventory shows 7 comparable homes in WESTLAKE HIGHLANDS; a buyer's market based on recent absorption. Market data shows WESTLAKE HIGHLANDS prices fallen 25.4% over the last half year. The closest comparable sale, 1500 Ridgecrest DR, Austin TX 78746 at an adjusted $1,161,099, is with a smaller floor plan. With 7 comparable sales in WESTLAKE 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