Reviewing the most recent comparable transactions, this home's market value falls around $931,460. For a well positioned listing in LAKEWAY, I'd target the $760,000 to $770,000 range. With 3 comparable homes on the market in LAKEWAY, this price positions the property as the most expensive of 3 comparable homes on the market. The 144 sqft size difference versus comparable sales is reflected in the adjusted values. The 2005 construction puts this home 5 years newer than the comp average, a factor in the pricing. Right now, 3 similar properties are competing for buyers in LAKEWAY, listed between $800,000 and $999,000. Recent trends in LAKEWAY show home values have fallen 18.5% since 6 months ago. The most comparable recent sale is 106 Malus CT, Lakeway TX 78734, with an adjusted value of $1,216,748; with a smaller floor plan. 6 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