Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,282,421. I'd recommend coming to market at $1,523,000 to $1,669,000 to strike the right balance between value and market velocity. Against 6 similar active listings in 78734, this price point lands at the most affordable of 6 comparable homes on the market. Being 198 sqft larger than the average comparable sale in this area impacts the per square foot value. 6 similar homes are currently available in 78734, creating a buyer's market for this price range. The trend in 78734 shows prices have fallen 6% in the past 6 months. 604 FLAMINGO CV, Lakeway TX 78738 nearby adjusts to $1,242,137; with a smaller floor plan. Based on 4 relevant data points in 78734, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX