Reviewing the most recent comparable transactions, this home's market value falls around $843,864. For a well positioned listing in LAKEWAY, I'd target the $949,000 to $1,007,000 range. With 3 comparable homes on the market in LAKEWAY, this price positions the property as the most affordable of 3 comparable homes on the market. The 233 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.36 acres, the lot is larger than the 0.33 acre comp average, which factors into pricing. Right now, 3 similar properties are competing for buyers in LAKEWAY, listed between $985,000 and $1,159,000. Recent trends in LAKEWAY show home values have risen 8.4% since 6 months ago. The most comparable recent sale is 511 Duck Lake DR, Lakeway TX 78734, with an adjusted value of $745,922; with a larger floor plan. 4 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