The market data from 7 similar recent sales in HILLS LAKEWAY points to a value of approximately $1,599,745. To sell within a reasonable timeframe at fair market value, the $1,057,000 to $1,067,000 range is where I'd position this. In the current HILLS LAKEWAY market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. Being 331 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.40 acres, the lot is smaller than the 0.45 acre comp average, which factors into pricing. Buyers in HILLS LAKEWAY have 7 comparable options right now, with asking prices between $985,000 and $4,349,000. In HILLS LAKEWAY, home values have fallen approximately 9.5% over the past 6 months. One of the strongest data points is 4 Glenway CT, The Hills TX 78738, adjusting to $1,448,158; with a smaller floor plan. 7 comparable transactions in HILLS LAKEWAY 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