405 Teal, Lakeway TX 78734

The market data from 5 similar recent sales in LAKEWAY points to a value of approximately $537,815. To sell within a reasonable timeframe at fair market value, the $324,000 to $334,000 range is where I'd position this. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in LAKEWAY. This home's smaller footprint (165 sqft vs the comp average) plays a role in how the market prices it. At 0.27 acres, the lot is smaller than the 0.31 acre comp average, which factors into pricing. 4 similar homes are currently available in LAKEWAY, creating a buyer's market for this price range. In LAKEWAY, home values have fallen approximately 1.4% over the past 6 months. One of the strongest data points is 308 Nautilus Ave, Lakeway TX 78738, adjusting to $534,687; with a larger floor plan. 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