The market data from 3 similar recent sales in NORTH LAKEWAY points to a value of approximately $844,936. To sell within a reasonable timeframe at fair market value, the $968,000 to $1,097,000 range is where I'd position this. With 3 comparable homes on the market in NORTH LAKEWAY, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The 277 sqft size difference versus comparable sales is reflected in the adjusted values. The active market in NORTH LAKEWAY includes 3 comparable homes priced from $749,000 to $1,199,990. In 78734, home values have fallen approximately 10.4% over the past 6 months. One of the strongest data points is 204 Lake Como DR, Austin TX 78734, adjusting to $788,071; with a smaller floor plan. 3 comparable transactions in NORTH LAKEWAY 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