11619 Sonoma DR, Austin TX 78738

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $696,678. To generate strong buyer interest while maximizing value, I'd price this between $697,000 and $705,000. In the current LAKE POINTE market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. Being 176 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.15 acres, the lot is smaller than the 0.18 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in LAKE POINTE; a buyer's market based on recent absorption. The trend in LAKE POINTE shows prices have risen 43.3% in the past 6 months. 3112 Lomita DR, Austin TX 78738 nearby adjusts to $704,736; 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