After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $1,704,636. Pricing this home between $1,181,000 and $1,191,000 would put it in the competitive sweet spot for LAKEWIND ESTATES. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in LAKEWIND ESTATES's current inventory. At 7 years newer than typical comps, the 2015 build date influences the valuation. The larger lot (1.08 acres versus the area average of 0.86) contributes to the valuation. The active market in LAKEWIND ESTATES includes 7 comparable homes priced from $1,250,000 to $2,299,000. Market data shows 78734 prices fallen 10.7% over the last half year. The closest comparable sale, 16034 Fontaine Ave, Austin TX 78734 at an adjusted $1,713,986, is with a larger floor plan. With 3 comparable sales in LAKEWIND ESTATES, 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
