313 Explorer, Austin TX 78734

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $1,164,856. I'd recommend coming to market at $866,000 to $876,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in LAKEWAY. The smaller floor plan (243 sqft compared to the average comp) is a meaningful differentiator in this price range. The 0.46 acre lot (larger than the 0.41 acre average) is reflected in the estimate. Current inventory shows 3 comparable homes in LAKEWAY; a buyer's market based on recent absorption. The trend in LAKEWAY shows prices have fallen 13.5% in the past 6 months. 904 Challenger, Lakeway TX 78734 nearby adjusts to $1,196,555; with a smaller floor plan. Based on 7 relevant data points in LAKEWAY, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX