614 Highland Ave, Austin TX 78703

Reviewing the most recent comparable transactions, this home's market value falls around $1,037,010. For a well positioned listing in TERRACE PARK, I'd target the $1,414,000 to $1,422,000 range. With 7 comparable homes on the market in TERRACE PARK, this price positions the property as the most affordable of 7 comparable homes on the market. At 0.17 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. With 7 similar homes currently listed in TERRACE PARK (a buyer's market), competition is a factor to consider. Recent trends in 78703 show home values have fallen 9.3% since 6 months ago. The most comparable recent sale is 1606 W 14th ST, Austin TX 78703, with an adjusted value of $1,115,347; a strong comparable. 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