118 Comet, Lakeway TX 78734

The market data from 7 similar recent sales in LAKEWAY points to a value of approximately $696,108. To sell within a reasonable timeframe at fair market value, the $559,000 to $569,000 range is where I'd position this. With 3 comparable homes on the market in LAKEWAY, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. The 1975 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.29 acres, the lot is smaller than the 0.36 acre comp average, which factors into pricing. The active market in LAKEWAY includes 3 comparable homes priced from $585,000 to $899,000. In LAKEWAY, home values have fallen approximately 13.5% over the past 6 months. One of the strongest data points is 915 Biscayne ST, Lakeway TX 78734, adjusting to $775,290; 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