7821 Oteka CV, Austin TX 78735

The market data from 6 similar recent sales in LANTANA points to a value of approximately $1,219,701. To sell within a reasonable timeframe at fair market value, the $846,000 to $856,000 range is where I'd position this. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in LANTANA. The smaller floor plan (267 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.48 acres, the lot is larger than the 0.29 acre comp average, which factors into pricing. With 3 similar homes currently listed in LANTANA (a buyer's market), competition is a factor to consider. In LANTANA, home values have fallen approximately 11.9% over the past 6 months. One of the strongest data points is 5805 Leckrone CV, Austin TX 78735, adjusting to $1,229,769; with a larger floor plan and a pool. 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