Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $893,287. To generate strong buyer interest while maximizing value, I'd price this between $642,000 and $652,000. Against 7 similar active listings in PRESERVE LAKEWAY, this price point lands at the 4th most expensive of 7 comparable homes on the market. The 135 sqft size difference versus comparable sales is reflected in the adjusted values. Right now, 7 similar properties are competing for buyers in PRESERVE LAKEWAY, listed between $689,900 and $4,250,000. The trend in 78734 shows prices have fallen 11.4% in the past 6 months. 1406 Sledge DR, Austin TX 78734 nearby adjusts to $726,509; with a smaller floor plan. The 6 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
