905 Challenger, Lakeway TX 78734

After reviewing 7 recent transactions in LAKEWAY, I estimate this property's value at $1,230,529. A competitive list price for this home right now would fall in the $1,338,000 to $1,356,000 range. This home's position in the current LAKEWAY market: the 2nd most expensive of 4 comparable homes on the market among comparable properties. The larger floor plan (366 sqft compared to the average comp) is a meaningful differentiator in this price range. At 8 years older than typical comps, the 1988 build date influences the valuation. Current inventory shows 4 comparable homes in LAKEWAY; a buyer's market based on recent absorption. Prices in LAKEWAY have fallen 13.1% over the last 6 months. A similar home at 504 Duck Lake DR, Lakeway TX 78734 carries an adjusted comparable value of $1,286,965, providing a strong data point. With 7 comparable sales in LAKEWAY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group