501 Explorer, Lakeway TX 78734

The market data from 7 similar recent sales in LAKEWAY points to a value of approximately $865,831. To sell within a reasonable timeframe at fair market value, the $900,000 to $933,000 range is where I'd position this. With 6 comparable homes on the market in LAKEWAY, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. This home's larger footprint (131 sqft vs the comp average) plays a role in how the market prices it. At 0.41 acres, the lot is larger than the 0.32 acre comp average, which factors into pricing. Right now, 6 similar properties are competing for buyers in LAKEWAY, listed between $719,000 and $1,475,000. In LAKEWAY, home values have fallen approximately 13.5% over the past 6 months. One of the strongest data points is 415 Dasher DR, Lakeway TX 78734, adjusting to $678,158; with a smaller floor plan. The 7 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