403 Teal, Lakeway TX 78734

Reviewing the most recent comparable transactions, this home's market value falls around $769,242. For a well positioned listing in LAKEWAY, I'd target the $554,000 to $564,000 range. With 7 comparable homes on the market in LAKEWAY, this price positions the property as the 0th most expensive of 7 comparable homes on the market. The 121 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.23 acres, the lot is smaller than the 0.32 acre comp average, which factors into pricing. 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 18.5% since 6 months ago. The most comparable recent sale is 625 Sunfish ST, Lakeway TX 78734, with an adjusted value of $823,586; with a smaller floor plan. 4 comparable transactions in LAKEWAY 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