111 Bellagio DR, Lakeway TX 78734

After reviewing 4 recent transactions in NORTH LAKEWAY, I estimate this property's value at $462,519. A competitive list price for this home right now would fall in the $449,000 to $476,000 range. Relative to what's currently available in NORTH LAKEWAY, this home would be the most affordable of 4 comparable homes on the market. This home's smaller footprint (107 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.20 acres versus the area average of 0.24) contributes to the valuation. Current inventory shows 4 comparable homes in NORTH LAKEWAY; a buyer's market based on recent absorption. Prices in 78734 have fallen 7% over the last 6 months. A similar home at 36 White Magnolia CIR, Austin TX 78734 carries an adjusted comparable value of $497,923, providing a strong data point. With 4 comparable sales in NORTH LAKEWAY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group