11901 Lake Stone DR, Austin TX 78738

The market data from 5 similar recent sales in LAKE POINTE points to a value of approximately $793,788. To sell within a reasonable timeframe at fair market value, the $403,000 to $413,000 range is where I'd position this. In the current LAKE POINTE market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. The 2001 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 0.33 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in LAKE POINTE; a balanced market based on recent absorption. In LAKE POINTE, home values have fallen approximately 1.5% over the past 6 months. One of the strongest data points is 2504 Sonoma CV, Austin TX 78738, adjusting to $968,809; with a larger floor plan. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group