804 Electra, Lakeway TX 78734

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $662,602. To generate strong buyer interest while maximizing value, I'd price this between $743,000 and $761,000. In the current LAKEWAY market with 7 similar homes available, this price represents the 3rd least expensive of 7 comparable homes on the market. The 1995 construction puts this home 6 years newer than the comp average, a factor in the pricing. At 0.41 acres, the lot is larger than the 0.37 acre comp average, which factors into pricing. With 7 similar homes currently listed in LAKEWAY (a buyer's market), competition is a factor to consider. The trend in LAKEWAY shows prices have fallen 1.4% in the past 6 months. 1006 Palos Verdes DR, Lakeway TX 78734 nearby adjusts to $765,047; a strong comparable. 7 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