602 Flamingo CV, Lakeway TX 78734

The market data from 3 similar recent sales in LAKEWAY points to a value of approximately $522,205. To sell within a reasonable timeframe at fair market value, the $591,000 to $655,000 range is where I'd position this. In the current LAKEWAY market with 6 similar homes available, this price represents the most affordable of 6 comparable homes on the market. At 0.38 acres, the lot is larger than the 0.30 acre comp average, which factors into pricing. With 6 similar homes currently listed in LAKEWAY (a buyer's market), competition is a factor to consider. In LAKEWAY, home values have fallen approximately 5.9% over the past 6 months. One of the strongest data points is 3501 Lakeway BLVD, Lakeway TX 78734, adjusting to $545,545; a strong comparable. 3 comparable transactions in LAKEWAY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group