Reviewing the most recent comparable transactions, this home's market value falls around $782,696. For a well positioned listing in LAKEWAY, I'd target the $759,000 to $806,000 range. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in LAKEWAY. The 2003 construction puts this home 6 years newer than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in LAKEWAY, listed between $699,000 and $800,000. Recent trends in LAKEWAY show home values have fallen 17.7% since 6 months ago. The most comparable recent sale is 713 Sunfish ST, Lakeway TX 78734, with an adjusted value of $810,970; a strong comparable. 5 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
