12005 Palisades Pointe CV, Austin TX 78738

Based on 5 closed sales in LAKE POINTE, the data points to a value around $1,778,920 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,944,000 to $1,970,000. This home's position in the current LAKE POINTE market: below the only comparable home currently on the market among comparable properties. The 1,288 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.59 acres versus 0.43 for the typical comp. 1 similar homes are currently available in LAKE POINTE, creating a seller's market for this price range. Market data shows LAKE POINTE prices fallen 12.9% over the last half year. The closest comparable sale, 12020 Preserve Vista TER, Austin TX 78738 at an adjusted $1,632,462, is with a smaller floor plan. The strength of this estimate comes from 5 directly comparable sales in LAKE POINTE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group