1113 Lakewood Hills TER, Austin TX 78732

Reviewing the most recent comparable transactions, this home's market value falls around $1,221,574. For a well positioned listing in STEINER RANCH, I'd target the $1,413,000 to $1,542,000 range. In the current STEINER RANCH market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. The larger floor plan (341 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.47 acres, the lot is larger than the 0.43 acre comp average, which factors into pricing. Current inventory shows 3 comparable homes in STEINER RANCH; a buyer's market based on recent absorption. Recent trends in STEINER RANCH show home values have risen 2.2% since 6 months ago. The most comparable recent sale is 2116 University Club Dr., Austin TX 78732, with an adjusted value of $1,325,543; 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