The market data from 7 similar recent sales in OVERLOOK LEWIS MOUNTAIN SEC points to a value of approximately $1,433,664. To sell within a reasonable timeframe at fair market value, the $1,617,000 to $1,865,000 range is where I'd position this. With 3 comparable homes on the market in OVERLOOK LEWIS MOUNTAIN SEC, this price positions the property as the most affordable of 3 comparable homes on the market. At 228 sqft larger than the typical comp, the size difference factors into the valuation. The 2019 construction puts this home 21 years newer than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in OVERLOOK LEWIS MOUNTAIN SEC, listed between $1,799,998 and $2,250,000. In 78737, home values have fallen approximately 4.3% over the past 6 months. One of the strongest data points is 10708 Natick LN, Austin TX 78739, adjusting to $1,015,718; with a smaller 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
