After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $582,173. Pricing this home between $604,000 and $641,000 would put it in the competitive sweet spot for LAKEVIEW ESTATES. Relative to what's currently available in LAKEVIEW ESTATES, this home would be the most expensive of 2 comparable homes on the market. At 5 years older than typical comps, the 2003 build date influences the valuation. The smaller lot (1.13 acres versus the area average of 2.25) contributes to the valuation. 2 similar homes are currently available in LAKEVIEW ESTATES, creating a buyer's market for this price range. Market data shows 78602 prices risen 4.6% over the last half year. The closest comparable sale, 230 Hoffman RD, Bastrop TX 78602 at an adjusted $447,078, is a strong comparable. With 7 comparable sales in LAKEVIEW ESTATES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
