119 Tellus ST, Austin TX 78734

The market data from 5 similar recent sales in LAKEWAY points to a value of approximately $803,896. To sell within a reasonable timeframe at fair market value, the $823,000 to $842,000 range is where I'd position this. With 4 comparable homes on the market in LAKEWAY, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. The pool is a differentiator here, since 4 of 5 comparable sales didn't include one. At 0.28 acres, the lot is smaller than the 0.32 acre comp average, which factors into pricing. With 4 similar homes currently listed in LAKEWAY (a buyer's market), competition is a factor to consider. In LAKEWAY, home values have fallen approximately 13.2% over the past 6 months. One of the strongest data points is 2005 Lakeway BLVD, Lakeway TX 78734, adjusting to $646,421; with a smaller floor plan and no pool. 5 comparable transactions in LAKEWAY 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