Reviewing the most recent comparable transactions, this home's market value falls around $611,961. For a well positioned listing in LAKEWAY, I'd target the $645,000 to $646,000 range. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in LAKEWAY. The 2003 construction puts this home 8 years newer than the comp average, a factor in the pricing. Right now, 4 similar properties are competing for buyers in LAKEWAY, listed between $600,000 and $849,000. Recent trends in LAKEWAY show home values have fallen 1.4% since 6 months ago. The most comparable recent sale is 333 Hurst Creek RD, Lakeway TX 78734, with an adjusted value of $586,660; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group