2501 Watercrest DR, Austin TX 78738

After reviewing 3 recent transactions in LAKE POINTE, I estimate this property's value at $719,279. A competitive list price for this home right now would fall in the $697,000 to $728,000 range. This pricing would rank the home as the most expensive of 3 comparable homes on the market in LAKE POINTE's current inventory. This home's larger footprint (111 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.16 acres versus the area average of 0.19) contributes to the valuation. Current inventory shows 3 comparable homes in LAKE POINTE; a buyer's market based on recent absorption. Prices in LAKE POINTE have risen 43.3% over the last 6 months. A similar home at 11845 Sterling Panorama TER, Austin TX 78738 carries an adjusted comparable value of $651,858, providing a strong data point. With 3 comparable sales in LAKE POINTE, 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