Taking into account 7 nearby comparable sales, this property's estimated value comes to $1,096,498. If we were to list this property today, I'd recommend a list price in the $1,204,000 to $1,226,000 range. This home's position in the current LAKE POINTE market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. The larger floor plan (159 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2007 (7 years newer than comps) is factored into the value estimate. The active market in LAKE POINTE includes 4 comparable homes priced from $975,000 to $1,350,000. The 6 month price trend in LAKE POINTE: fallen 12.8%. The best comp here is 2804 Lenwood CT, Austin TX 78738 at an adjusted value of $959,809, with a smaller floor plan. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
