Based on what similar homes have actually sold for within a mile, I'd place this property's value at $968,531. I'd recommend coming to market at $964,000 to $969,000 to strike the right balance between value and market velocity. In the current LAKEWAY market with 4 similar homes available, this price represents the most expensive of 4 comparable homes on the market. The 405 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2017, this home is 6 years newer than the average comp, which is reflected in the adjustments. With 4 similar homes currently listed in LAKEWAY (a balanced market), competition is a factor to consider. The trend in LAKEWAY shows prices have risen 8.9% in the past 6 months. 125 Clubhouse DR, Lakeway TX 78734 nearby adjusts to $963,901; with a smaller floor plan and a pool. Based on 3 relevant data points in LAKEWAY, 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
