506 Palos Verdes DR, Lakeway TX 78734

Reviewing the most recent comparable transactions, this home's market value falls around $581,121. For a well positioned listing in LAKEWAY, I'd target the $564,000 to $599,000 range. Against 3 similar active listings in LAKEWAY, this price point lands at the most expensive of 3 comparable homes on the market. The 102 sqft size difference versus comparable sales is reflected in the adjusted values. At 0.50 acres, the lot is larger than the 0.45 acre comp average, which factors into pricing. With 3 similar homes currently listed in LAKEWAY (a buyer's market), competition is a factor to consider. Recent trends in LAKEWAY show home values have fallen 5.9% since 6 months ago. The most comparable recent sale is 103 Hurst Creek RD, Austin TX 78734, with an adjusted value of $587,981; 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