2516 Sonoma CV, Austin TX 78738

Reviewing the most recent comparable transactions, this home's market value falls around $823,310. For a well positioned listing in LAKE POINTE, I'd target the $601,000 to $611,000 range. At this price, the property would be the 3rd most expensive of 7 comparable homes on the market comparable homes currently on the market in LAKE POINTE. This home's smaller footprint (269 sqft vs the comp average) plays a role in how the market prices it. At 0.14 acres, the lot is smaller than the 0.19 acre comp average, which factors into pricing. 7 similar homes are currently available in LAKE POINTE, creating a seller's market for this price range. Recent trends in LAKE POINTE show home values have fallen 12.8% since 6 months ago. The most comparable recent sale is 11533 Emerald Falls DR, Austin TX 78738, with an adjusted value of $898,239; a strong comparable. 7 comparable transactions in LAKE POINTE 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