Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,605,745. I'd recommend coming to market at $1,924,000 to $1,938,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 5 comparable homes on the market comparable homes currently on the market in BELLA STRADA. Built in 2017, this home is 5 years newer than the average comp, which is reflected in the adjustments. The 1.03 acre lot (smaller than the 1.12 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in BELLA STRADA; a buyer's market based on recent absorption. The trend in 78734 shows prices have fallen 6% in the past 6 months. 107 Bella Strada CV, Lakeway TX 78734 nearby adjusts to $1,259,369; with a smaller floor plan. With 5 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
