The market data from 3 similar recent sales in LAKE OAK ESTATES points to a value of approximately $459,855. To sell within a reasonable timeframe at fair market value, the $446,000 to $474,000 range is where I'd position this. Among the similar homes currently available in LAKE OAK ESTATES, this price point stands out as competitive. The 2015 construction puts this home 13 years newer than the comp average, a factor in the pricing. There are currently 5 similar homes on the market in LAKE OAK ESTATES, ranging from $409,000 to $525,000. In 78734, home values have fallen approximately 6.6% over the past 6 months. One of the strongest data points is 1101 OAK HURST RD # 201, Austin TX 78734, adjusting to $406,393; a strong comparable. The 3 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
