The market data from 7 similar recent sales in OVERLOOK LEWIS MOUNTAIN SEC points to a value of approximately $1,438,044. To sell within a reasonable timeframe at fair market value, the $980,000 to $990,000 range is where I'd position this. With 7 comparable homes on the market in OVERLOOK LEWIS MOUNTAIN SEC, this price positions the property as the 3rd least expensive of 7 comparable homes on the market. The 2019 construction puts this home 24 years newer than the comp average, a factor in the pricing. At 1.15 acres, the lot is larger than the 0.63 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in OVERLOOK LEWIS MOUNTAIN SEC, listed between $850,000 and $4,050,000. In 78737, home values have risen approximately 2% over the past 6 months. One of the strongest data points is 8500 Young LN, Austin TX 78737, adjusting to $2,008,999; with a larger floor plan. The 7 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
