1123 Challenger, Lakeway TX 78734

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $698,968. To generate strong buyer interest while maximizing value, I'd price this between $444,000 and $454,000. Among the similar homes currently available in LAKEWAY, this price point stands out as competitive. The 1972 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.72 acres, the lot is larger than the 0.46 acre comp average, which factors into pricing. With 3 similar homes currently listed in LAKEWAY (a balanced market), competition is a factor to consider. The trend in LAKEWAY shows prices have fallen 18.5% in the past 6 months. 603 Cutlass, Lakeway TX 78734 nearby adjusts to $707,787; a strong comparable. 7 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