Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $611,641. To generate strong buyer interest while maximizing value, I'd price this between $715,000 and $796,000. Against 4 similar active listings in PRESERVE LAKEWAY, this price point lands at the most affordable of 4 comparable homes on the market. The larger floor plan (112 sqft compared to the average comp) is a meaningful differentiator in this price range. There are currently 4 similar homes on the market in PRESERVE LAKEWAY, ranging from $689,000 to $1,199,000. The trend in 78734 shows prices have fallen 10.4% in the past 6 months. 1406 Sledge DR, Austin TX 78734 nearby adjusts to $655,973; a strong comparable. The 5 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
