16511 Jackson ST, Leander TX 78641

Based on 7 closed sales in LAKE, the data points to a value around $616,333 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $391,000 to $401,000. Buyers shopping in LAKE right now would see this as a well positioned option among 3 comparable homes. At 471 sqft smaller than the typical comp, the size difference factors into the valuation. Being built in 1964 (38 years older than comps) is factored into the value estimate. With 3 similar homes currently listed in LAKE (a buyer's market), competition is a factor to consider. Market data shows 78641 prices fallen 4.8% over the last half year. The closest comparable sale, 8118 Joy RD, Volente TX 78641 at an adjusted $1,296,799, is with a larger floor plan and a pool. The strength of this estimate comes from 7 directly comparable sales in LAKE. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group