The market data from 7 similar recent sales in LAKEWAY points to a value of approximately $762,496. To sell within a reasonable timeframe at fair market value, the $572,000 to $582,000 range is where I'd position this. Against 7 similar active listings in LAKEWAY, this price point lands at the most expensive of 7 comparable homes on the market. At 0.45 acres, the lot is larger than the 0.36 acre comp average, which factors into pricing. Buyers in LAKEWAY have 7 comparable options right now, with asking prices between $535,000 and $999,999. In LAKEWAY, home values have risen approximately 3% over the past 6 months. One of the strongest data points is 213 El Rio DR, Lakeway TX 78734, adjusting to $737,486; a strong comparable. 7 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