515 Rock Bluff DR, Lakeway TX 78734

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $328,363. I'd recommend coming to market at $526,000 to $534,000 to strike the right balance between value and market velocity. In the current 78734 market with 7 similar homes available, this price represents the most affordable of 7 comparable homes on the market. At 158 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1974, this home is 5 years older than the average comp, which is reflected in the adjustments. There are currently 7 similar homes on the market in 78734, ranging from $495,000 to $599,000. The trend in 78734 shows prices have fallen 10.4% in the past 6 months. 3379 S El Dorado, Lakeway TX 78734 nearby adjusts to $367,255; with a larger floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group