16325 Lake LOOP, Austin TX 78734

The market data from 7 similar recent sales in BUFFALO GAP points to a value of approximately $551,614. To sell within a reasonable timeframe at fair market value, the $611,000 to $646,000 range is where I'd position this. With 5 comparable homes on the market in BUFFALO GAP, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. This home's larger footprint (133 sqft vs the comp average) plays a role in how the market prices it. The 2002 construction puts this home 7 years older than the comp average, a factor in the pricing. There are currently 5 similar homes on the market in BUFFALO GAP, ranging from $499,500 to $989,999. In 78734, home values have fallen approximately 10.7% over the past 6 months. One of the strongest data points is 119 Antonio WAY, Lakeway TX 78734, adjusting to $510,575; a strong comparable. 7 comparable transactions in BUFFALO GAP 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