The market data from 3 similar recent sales in LAKE POINTE points to a value of approximately $727,126. To sell within a reasonable timeframe at fair market value, the $705,000 to $749,000 range is where I'd position this. At this price, the property would be the most expensive of 2 comparable homes on the market comparable homes currently on the market in LAKE POINTE. Current inventory shows 2 comparable homes in LAKE POINTE; a balanced market based on recent absorption. In LAKE POINTE, home values have risen approximately 12.2% over the past 6 months. One of the strongest data points is 11817 Lake Stone DR, Austin TX 78738, adjusting to $731,106; a strong comparable. 3 comparable transactions in LAKE POINTE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group