The market data from 4 similar recent sales in LAKE OAK ESTATES points to a value of approximately $485,378. To sell within a reasonable timeframe at fair market value, the $226,000 to $236,000 range is where I'd position this. Against 4 similar active listings in LAKE OAK ESTATES, this price point lands at the 0th most expensive of 4 comparable homes on the market. There are currently 4 similar homes on the market in LAKE OAK ESTATES, ranging from $255,000 to $480,000. In 78734, home values have fallen approximately 9.4% over the past 6 months. One of the strongest data points is 15202 CAVALIER CANYON DR, Lakeway TX 78734, adjusting to $465,253; a strong comparable. The 4 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
