5905 Mesa DR, Austin TX 78731

The market data from 7 similar recent sales in NORTHWEST HILLS LAKEVIEW points to a value of approximately $1,533,566. To sell within a reasonable timeframe at fair market value, the $1,259,000 to $1,269,000 range is where I'd position this. In the current NORTHWEST HILLS LAKEVIEW market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. At 0.62 acres, the lot is larger than the 0.36 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in NORTHWEST HILLS LAKEVIEW; a buyer's market based on recent absorption. In 78731, home values have fallen approximately 15.8% over the past 6 months. One of the strongest data points is 6103 Lonesome Valley TRL, Austin TX 78731, adjusting to $1,516,461; with a larger floor plan. 7 comparable transactions in NORTHWEST HILLS LAKEVIEW 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