504 Duck Lake DR, Lakeway TX 78734

The estimated value of this property is $1,233,498, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,209,000 and $1,258,000. With 5 comparable homes on the market in LAKEWAY, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. At 231 sqft larger than the typical comp, the size difference factors into the valuation. The 0.71 acre lot (larger than the 0.50 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in LAKEWAY; a balanced market based on recent absorption. Recent trends in LAKEWAY show home values have risen 10.1% since 6 months ago. The most comparable recent sale is 118 Lido ST, Austin TX 78734, with an adjusted value of $1,163,522; with a larger floor plan and a pool. Based on 7 relevant data points in LAKEWAY, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX