Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $503,641. To generate strong buyer interest while maximizing value, I'd price this between $328,000 and $338,000. With 6 comparable homes on the market in LAKEWAY SEC CLUSTERS, this price positions the property as the most expensive of 6 comparable homes on the market. At 107 sqft smaller than the typical comp, the size difference factors into the valuation. With 6 similar homes currently listed in LAKEWAY SEC CLUSTERS (a balanced market), competition is a factor to consider. The trend in LAKEWAY SEC CLUSTERS shows prices have fallen 6.2% in the past 6 months. 23 Prestonwood CIR, Lakeway TX 78734 nearby adjusts to $577,903; a strong comparable. The 5 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
