7877 Lakewood DR, Austin TX 78750

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,175,759. I'd recommend coming to market at $939,000 to $949,000 to strike the right balance between value and market velocity. In the current JESTER POINT market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. Built in 1985, this home is 6 years older than the average comp, which is reflected in the adjustments. The 0.97 acre lot (larger than the 0.73 acre average) is reflected in the estimate. With 7 similar homes currently listed in JESTER POINT (a seller's market), competition is a factor to consider. The trend in JESTER POINT shows prices have risen 8.3% in the past 6 months. 8009 Bottlebrush DR, Austin TX 78750 nearby adjusts to $826,620; a strong comparable. Based on 3 relevant data points in JESTER POINT, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX