The estimated value of this property is $1,523,123, based on 7 comparable sales within a few blocks. In today's market, I'd bring this home to market somewhere between $1,300,000 and $1,310,000. In the current LAKE POINTE market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. At 174 sqft larger than the typical comp, the size difference factors into the valuation. The pool is a standout feature, with 1 of 7 comparable homes not offering one. Current inventory shows 3 comparable homes in LAKE POINTE; a balanced market based on recent absorption. Recent trends in LAKE POINTE show home values have risen 2.5% since 6 months ago. The most comparable recent sale is 12027 Pleasant Panorama VW, Austin TX 78738, with an adjusted value of $1,372,427; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group