Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $929,919. To generate strong buyer interest while maximizing value, I'd price this between $674,000 and $684,000. Against 4 similar active listings in PRESERVE LAKEWAY, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The 227 sqft size difference versus comparable sales is reflected in the adjusted values. Right now, 4 similar properties are competing for buyers in PRESERVE LAKEWAY, listed between $649,999 and $1,200,000. The trend in 78734 shows prices have fallen 5.2% in the past 6 months. 219 Jack Nicklaus DR, Austin TX 78738 nearby adjusts to $1,422,170; with a larger floor plan. The 5 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
