The estimated value of this property is $1,277,919, based on 3 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,429,000 and $1,548,000. In the current LAKECLIFF market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. Built in 2020, this home is 13 years newer than the average comp, which is reflected in the adjustments. The 1.06 acre lot (larger than the 0.85 acre average) is reflected in the estimate. There are currently 3 similar homes on the market in LAKECLIFF, ranging from $1,439,000 to $1,999,999. Recent trends in LAKECLIFF show home values have risen 87.2% since 6 months ago. The most comparable recent sale is 25616 Kahala Sunset CT, Spicewood TX 78669, with an adjusted value of $1,229,261; with a larger floor plan and a pool. Based on 3 relevant data points in LAKECLIFF, 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
