1222 Challenger, Lakeway TX 78734

After reviewing 3 recent transactions in LAKEWAY, I estimate this property's value at $530,499. A competitive list price for this home right now would fall in the $266,000 to $276,000 range. This home's position in the current LAKEWAY market: the 3rd most expensive of 7 comparable homes on the market among comparable properties. The smaller floor plan (196 sqft compared to the average comp) is a meaningful differentiator in this price range. With 7 similar homes currently listed in LAKEWAY (a balanced market), competition is a factor to consider. Prices in LAKEWAY have risen 6.9% 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 (3 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