Reviewing the most recent comparable transactions, this home's market value falls around $621,325. For a well positioned listing in LAKEWAY, I'd target the $691,000 to $730,000 range. With 7 comparable homes on the market in LAKEWAY, this price positions the property as the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (109 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.38 acres, the lot is larger than the 0.35 acre comp average, which factors into pricing. Buyers in LAKEWAY have 7 comparable options right now, with asking prices between $574,900 and $879,000. Recent trends in LAKEWAY show home values have fallen 12.2% since 6 months ago. The most comparable recent sale is 103 Ajuga CT, Lakeway TX 78734, with an adjusted value of $621,976; a strong comparable. The 4 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