Reviewing the most recent comparable transactions, this home's market value falls around $820,592. For a well positioned listing in LANTANA SINGLE FAMILY, I'd target the $857,000 to $874,000 range. In the current LANTANA SINGLE FAMILY market with 5 similar homes available, this price represents the 2nd most expensive of 5 comparable homes on the market. This home's larger footprint (102 sqft vs the comp average) plays a role in how the market prices it. Current inventory shows 5 comparable homes in LANTANA SINGLE FAMILY; a buyer's market based on recent absorption. Recent trends in 78735 show home values have fallen 14.2% since 6 months ago. The most comparable recent sale is 7721 Journeyville DR, Austin TX 78735, with an adjusted value of $874,310; with a larger floor plan. The 5 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
