8507 Lewis Mountain DR, Austin TX 78737

The market data from 3 similar recent sales in LEWIS MOUNTAIN RANCH points to a value of approximately $1,470,594. To sell within a reasonable timeframe at fair market value, the $1,189,000 to $1,199,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in LEWIS MOUNTAIN RANCH. Being 114 sqft larger than the average comparable sale in this area impacts the per square foot value. At 1.60 acres, the lot is larger than the 1.37 acre comp average, which factors into pricing. Buyers in LEWIS MOUNTAIN RANCH have 7 comparable options right now, with asking prices between $1,150,000 and $2,395,000. In 78737, home values have fallen approximately 4.3% over the past 6 months. One of the strongest data points is 8400 Blazyk DR, Austin TX 78737, adjusting to $1,775,579; with a smaller floor plan. The 3 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