1502 Lakeway DR, Lakeway TX 78734

The market data from 3 similar recent sales in 78734 points to a value of approximately $1,121,031. To sell within a reasonable timeframe at fair market value, the $980,000 to $990,000 range is where I'd position this. Against 4 similar active listings in 78734, this price point lands at the most expensive of 4 comparable homes on the market. The smaller floor plan (256 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.77 acres, the lot is larger than the 0.48 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in 78734, ranging from $975,000 to $1,225,000. In 78734, home values have fallen approximately 7% over the past 6 months. One of the strongest data points is 205 Sebastians RUN, Austin TX 78738, adjusting to $1,087,783; with a larger floor plan. 3 comparable transactions in 78734 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