12417 Fairfax Ridge PL, Austin TX 78738

The market data from 6 similar recent sales in LAKE POINTE points to a value of approximately $1,031,663. To sell within a reasonable timeframe at fair market value, the $1,236,000 to $1,365,000 range is where I'd position this. With 7 comparable homes on the market in LAKE POINTE, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The larger floor plan (330 sqft compared to the average comp) is a meaningful differentiator in this price range. The pool is a differentiator here, since 4 of 6 comparable sales didn't include one. Right now, 7 similar properties are competing for buyers in LAKE POINTE, listed between $985,000 and $2,390,000. In LAKE POINTE, home values have fallen approximately 3.7% over the past 6 months. One of the strongest data points is 12452 Fairfax Ridge PL, Austin TX 78738, adjusting to $876,084; with a smaller floor plan and no pool. 6 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