11605 Sonoma DR, Austin TX 78738

After reviewing 5 recent transactions in LAKE POINTE, I estimate this property's value at $755,516. A competitive list price for this home right now would fall in the $769,000 to $780,000 range. Buyers shopping in LAKE POINTE right now would see this as a well positioned option among 7 comparable homes. The smaller lot (0.16 acres versus the area average of 0.20) contributes to the valuation. With 7 similar homes currently listed in LAKE POINTE (a buyer's market), competition is a factor to consider. Prices in LAKE POINTE have risen 43.3% over the last 6 months. A similar home at 11845 Sterling Panorama TER, Austin TX 78738 carries an adjusted comparable value of $705,269, providing a strong data point. With 5 comparable sales in LAKE POINTE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group