3405 Normandy Ridge LN, Austin TX 78738

The market data from 7 similar recent sales in LAKE POINTE points to a value of approximately $1,032,923. To sell within a reasonable timeframe at fair market value, the $1,280,000 to $1,470,000 range is where I'd position this. Against 6 similar active listings in LAKE POINTE, this price point lands at the 2nd least expensive of 6 comparable homes on the market. The 249 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.32 acres, the lot is larger than the 0.27 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in LAKE POINTE; a buyer's market based on recent absorption. In LAKE POINTE, home values have risen approximately 43.3% over the past 6 months. One of the strongest data points is 10709 Pointe View DR, Austin TX 78738, adjusting to $1,127,636; with a pool. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group