104 Pennybacker LN, Lakeway TX 78738

Based on what similar homes have actually sold for within a few blocks, I'd place this property's value at $626,266. I'd recommend coming to market at $372,000 to $382,000 to strike the right balance between value and market velocity. In the current DISTRICT market with 7 similar homes available, this price represents the 4th most expensive of 7 comparable homes on the market. This home's smaller footprint (210 sqft vs the comp average) plays a role in how the market prices it. With 7 similar homes currently listed in DISTRICT (a balanced market), competition is a factor to consider. The trend in 78738 shows prices have risen 6.2% in the past 6 months. 604 Grapeleaf DR, Lakeway TX 78738 nearby adjusts to $613,217; a strong comparable. Based on 7 relevant data points in DISTRICT, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX