3 recent sales within a mile of this address suggest a current value of $523,143. My recommended list price range for this property would be $354,000 to $364,000. With 7 comparable homes on the market in LAKEWAY, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The smaller floor plan (193 sqft compared to the average comp) is a meaningful differentiator in this price range. Right now, 7 similar properties are competing for buyers in LAKEWAY, listed between $335,000 and $679,000. In LAKEWAY, home values have fallen approximately 12.2% over the past 6 months. One of the strongest data points is 308 Nautilus Ave, Lakeway TX 78738, adjusting to $552,942; a strong comparable. With 3 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