The comparable sales data (7 recent transactions in OVERLOOK LEWIS MOUNTAIN) supports an estimated value of $1,235,686. The data suggests a list price between $840,000 and $850,000 would attract qualified buyers without leaving money on the table. This pricing would rank the home as the 2nd most expensive of 7 comparable homes on the market in OVERLOOK LEWIS MOUNTAIN's current inventory. Being built in 2005 (6 years newer than comps) is factored into the value estimate. Lot size matters here: 1.11 acres versus 0.41 for the typical comp. 7 similar homes are currently available in OVERLOOK LEWIS MOUNTAIN, creating a balanced market for this price range. Prices in 78737 have fallen 4.3% over the last 6 months. A similar home at 8400 Blazyk DR, Austin TX 78737 carries an adjusted comparable value of $1,589,150, providing a strong data point. The strength of this estimate comes from 7 directly comparable sales in OVERLOOK LEWIS MOUNTAIN. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
