710 Dragon, Austin TX 78734

After reviewing 7 recent transactions in LAKEWAY, I estimate this property's value at $692,480. A competitive list price for this home right now would fall in the $608,000 to $618,000 range. Buyers shopping in LAKEWAY right now would see this as a well positioned option among 7 comparable homes. At 6 years newer than typical comps, the 2003 build date influences the valuation. The larger lot (0.50 acres versus the area average of 0.38) contributes to the valuation. Current inventory shows 7 comparable homes in LAKEWAY; a buyer's market based on recent absorption. Prices in LAKEWAY have fallen 3.3% over the last 6 months. A similar home at 603 Flamingo BLVD, Lakeway TX 78734 carries an adjusted comparable value of $653,034, providing a strong data point. With 7 comparable sales in LAKEWAY, 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