12001 Preserve Vista TER, Austin TX 78738

The market data from 3 similar recent sales in LAKE POINTE points to a value of approximately $1,566,881. To sell within a reasonable timeframe at fair market value, the $1,772,000 to $1,777,000 range is where I'd position this. With 4 comparable homes on the market in LAKE POINTE, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. This home's larger footprint (544 sqft vs the comp average) plays a role in how the market prices it. At 0.28 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in LAKE POINTE, ranging from $1,350,000 to $1,749,000. In LAKE POINTE, home values have fallen approximately 3.7% over the past 6 months. One of the strongest data points is 11901 Pleasant Panorama VW, Austin TX 78738, adjusting to $1,549,433; with a smaller floor plan. 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