1222 Challenger, Lakeway TX 78734

After reviewing 7 recent transactions in LAKEWAY, I estimate this property's value at $501,814. A competitive list price for this home right now would fall in the $518,000 to $527,000 range. This home's position in the current LAKEWAY market: the 2nd most expensive of 5 comparable homes on the market among comparable properties. The smaller floor plan (145 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (0.29 acres versus the area average of 0.35) contributes to the valuation. With 5 similar homes currently listed in LAKEWAY (a balanced market), competition is a factor to consider. Prices in LAKEWAY have risen 10.9% over the last 6 months. A similar home at 317 Hurst Creek RD, Lakeway TX 78734 carries an adjusted comparable value of $599,492, providing a strong data point. The comp data here (7 sales in LAKEWAY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus