The estimated value of this property is $648,403, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $683,000 and $727,000. At this price, the property would be the 3rd least expensive of 7 comparable homes on the market comparable homes currently on the market in LAKEWAY. The pool is a standout feature, with 5 of 7 comparable homes not offering one. Built in 1999, this home is 7 years newer than the average comp, which is reflected in the adjustments. 7 similar homes are currently available in LAKEWAY, creating a buyer's market for this price range. Recent trends in LAKEWAY show home values have fallen 12.2% since 6 months ago. The most comparable recent sale is 104 Fenway CT, Lakeway TX 78734, with an adjusted value of $662,874; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group