12005 Palisades Pointe CV, Austin TX 78738

Based on 3 closed sales in LAKE POINTE, the data points to a value around $1,845,606 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $1,790,000 to $1,901,000. This home's position in the current LAKE POINTE market: the most affordable of 2 comparable homes on the market among comparable properties. The 1,201 sqft size difference versus comparable sales is reflected in the adjusted values. Lot size matters here: 0.59 acres versus 0.41 for the typical comp. 2 similar homes are currently available in LAKE POINTE, creating a buyer's market for this price range. Market data shows LAKE POINTE prices risen 7% over the last half year. The closest comparable sale, 1632 Resaca BLVD, Austin TX 78738 at an adjusted $1,940,882, is with a smaller floor plan and a pool. The strength of this estimate comes from 3 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