The market data from 4 similar recent sales in LAKEWAY points to a value of approximately $932,859. To sell within a reasonable timeframe at fair market value, the $985,000 to $998,000 range is where I'd position this. In the current LAKEWAY market with 6 similar homes available, this price represents the 3rd most expensive of 6 comparable homes on the market. The pool is a differentiator here, since 2 of 4 comparable sales didn't include one. At 0.30 acres, the lot is smaller than the 0.34 acre comp average, which factors into pricing. The 4 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