After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $775,876. Pricing this home between $673,000 and $683,000 would put it in the competitive sweet spot for LAKEWAY. This would position the home competitively among 7 active listings in LAKEWAY. The larger floor plan (140 sqft compared to the average comp) is a meaningful differentiator in this price range. At 12 years newer than typical comps, the 2007 build date influences the valuation. There are currently 7 similar homes on the market in LAKEWAY, ranging from $635,000 to $927,000. Market data shows LAKEWAY prices fallen 13.2% over the last half year. The closest comparable sale, 2005 Lakeway BLVD, Lakeway TX 78734 at an adjusted $618,033, is a strong comparable. The comp data here (7 sales in LAKEWAY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus