7512 Reed DR, Leander TX 78641

3 recent sales in the surrounding area of this address suggest a current value of $1,080,907. My recommended list price range for this property would be $498,000 to $508,000. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in LAKE. Being 2,621 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 1949, this home is 61 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in LAKE; a buyer's market based on recent absorption. In 78641, home values have fallen approximately 4.8% over the past 6 months. One of the strongest data points is 17708 North ST, Lago Vista TX 78645, adjusting to $609,871; with a larger floor plan. Based on 3 relevant data points in LAKE, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX