918 Johnson WAY, Spicewood TX 78669

Reviewing the most recent comparable transactions, this home's market value falls around $470,814. For a well positioned listing in LAKEWOOD ESTATES, I'd target the $457,000 to $485,000 range. In the current LAKEWOOD ESTATES market with 1 similar homes available, this price represents below the only comparable home currently on the market. The smaller floor plan (307 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2002 construction puts this home 9 years newer than the comp average, a factor in the pricing. With 1 similar homes currently listed in LAKEWOOD ESTATES (a balanced market), competition is a factor to consider. Recent trends in LAKEWOOD ESTATES show home values have risen 26.3% since 6 months ago. The most comparable recent sale is 1101 OAK HURST RD # 201, Austin TX 78734, with an adjusted value of $429,700; a strong comparable. 7 comparable transactions in LAKEWOOD ESTATES 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