Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,141,827. To generate strong buyer interest while maximizing value, I'd price this between $2,306,000 and $2,321,000. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in LAKEWAY. The larger floor plan (712 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2010 construction puts this home 9 years newer than the comp average, a factor in the pricing. With 7 similar homes currently listed in LAKEWAY (a balanced market), competition is a factor to consider. The trend in LAKEWAY shows prices have fallen 17.9% in the past 6 months. 216 CORINTHIAN ST, Lakeway TX 78734 nearby adjusts to $1,365,887; with a smaller floor plan. 3 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
