406 Prosecco PL, Lakeway TX 78738

Reviewing the most recent comparable transactions, this home's market value falls around $1,297,618. For a well positioned listing in LAKEWAY HIGHLANDS, I'd target the $1,444,000 to $1,498,000 range. Against 6 similar active listings in LAKEWAY HIGHLANDS, this price point lands at the 3rd least expensive of 6 comparable homes on the market. At 469 sqft larger than the typical comp, the size difference factors into the valuation. At 0.42 acres, the lot is larger than the 0.34 acre comp average, which factors into pricing. Current inventory shows 6 comparable homes in LAKEWAY HIGHLANDS; a balanced market based on recent absorption. Recent trends in LAKEWAY HIGHLANDS show home values have risen 7.6% since 6 months ago. The most comparable recent sale is 404 Woodside TER, Austin TX 78738, with an adjusted value of $1,444,219; 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