106 Far Vela LN, Lakeway TX 78734

After reviewing 3 recent transactions in SCHRAMM RANCH, I estimate this property's value at $868,090. A competitive list price for this home right now would fall in the $851,000 to $885,000 range. This home's position in the current SCHRAMM RANCH market: the 4th most expensive of 7 comparable homes on the market among comparable properties. Being 181 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (1.00 acres versus the area average of 0.84) contributes to the valuation. Current inventory shows 7 comparable homes in SCHRAMM RANCH; a buyer's market based on recent absorption. Prices in 78734 have risen 11.1% over the last 6 months. A similar home at 15086 Barrie DR, Austin TX 78734 carries an adjusted comparable value of $1,082,329, providing a strong data point. The comp data here (3 sales in SCHRAMM RANCH) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus