7812 Oteka CV, Austin TX 78735

Reviewing the most recent comparable transactions, this home's market value falls around $1,109,623. For a well positioned listing in LANTANA, I'd target the $897,000 to $907,000 range. In the current LANTANA market with 7 similar homes available, this price represents the most expensive of 7 comparable homes on the market. Being 323 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.32 acres, the lot is larger than the 0.28 acre comp average, which factors into pricing. With 7 similar homes currently listed in LANTANA (a buyer's market), competition is a factor to consider. Recent trends in LANTANA show home values have fallen 11.9% since 6 months ago. The most comparable recent sale is 7721 Journeyville DR, Austin TX 78735, with an adjusted value of $1,067,646; with a smaller floor plan. The 6 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