The market data from 7 similar recent sales in HIGHLAND LAKE ESTATES points to a value of approximately $354,203. To sell within a reasonable timeframe at fair market value, the $379,000 to $403,000 range is where I'd position this. Against 7 similar active listings in HIGHLAND LAKE ESTATES, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Current inventory shows 7 comparable homes in HIGHLAND LAKE ESTATES; a buyer's market based on recent absorption. In HIGHLAND LAKE ESTATES, home values have fallen approximately 2.2% over the past 6 months. One of the strongest data points is 21701 Oregon LN, Leander TX 78645, adjusting to $341,221; 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
