The estimated value of this property is $1,309,402, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,322,000 and $1,430,000. In the current LAKECLIFF market with 3 similar homes available, this price represents the 2nd most expensive of 3 comparable homes on the market. This home's larger footprint (1,174 sqft vs the comp average) plays a role in how the market prices it. Built in 2020, this home is 8 years newer than the average comp, which is reflected in the adjustments. There are currently 3 similar homes on the market in LAKECLIFF, ranging from $1,439,000 to $1,999,999. Recent trends in 78669 show home values have fallen 1.7% since 6 months ago. The most comparable recent sale is 2506 Sailpoint DR, Spicewood TX 78669, with an adjusted value of $1,289,839; with a smaller floor plan. 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
