1013 Challenger, Lakeway TX 78734

The market data from 4 similar recent sales in LAKEWAY points to a value of approximately $1,526,015. To sell within a reasonable timeframe at fair market value, the $2,830,000 to $2,896,000 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 LAKEWAY. Being 1,465 sqft larger than the average comparable sale in this area impacts the per square foot value. At 0.52 acres, the lot is larger than the 0.42 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in LAKEWAY, listed between $1,350,000 and $4,050,000. In LAKEWAY, home values have fallen approximately 1% over the past 6 months. One of the strongest data points is 101 Knarr ST, Austin TX 78734, adjusting to $1,576,380; with a smaller floor plan and a pool. 4 comparable transactions in LAKEWAY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group