Reviewing the most recent comparable transactions, this home's market value falls around $1,113,162. For a well positioned listing in LAKEWAY, I'd target the $961,000 to $971,000 range. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in LAKEWAY. At 0.49 acres, the lot is larger than the 0.42 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in LAKEWAY, listed between $897,750 and $1,499,000. Recent trends in LAKEWAY show home values have fallen 10.6% since 6 months ago. The most comparable recent sale is 910 Vanguard ST, Austin TX 78734, with an adjusted value of $912,756; with a smaller floor plan. 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