After reviewing 5 recent transactions in LOST CREEK, I estimate this property's value at $1,323,031. A competitive list price for this home right now would fall in the $1,283,000 to $1,363,000 range. This would position the home competitively among 3 active listings in LOST CREEK. At 5 years newer than typical comps, the 1983 build date influences the valuation. The smaller lot (0.30 acres versus the area average of 0.34) contributes to the valuation. Right now, 3 similar properties are competing for buyers in LOST CREEK, listed between $1,150,000 and $1,600,000. Prices in LOST CREEK have risen 0.7% over the last 6 months. A similar home at 1508 Ben Crenshaw WAY, Austin TX 78746 carries an adjusted comparable value of $1,309,580, providing a strong data point. With 5 comparable sales in LOST CREEK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group