The market data from 4 similar recent sales in LAKE OAK ESTATES points to a value of approximately $477,307. To sell within a reasonable timeframe at fair market value, the $465,000 to $478,000 range is where I'd position this. Against 5 similar active listings in LAKE OAK ESTATES, this price point lands at the most expensive of 5 comparable homes on the market. There are currently 5 similar homes on the market in LAKE OAK ESTATES, ranging from $409,000 to $525,000. In 78734, home values have fallen approximately 6% over the past 6 months. One of the strongest data points is 15202 CAVALIER CANYON DR, Lakeway TX 78734, adjusting to $465,241; 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
