My analysis of 3 comparable properties puts this home's estimated value at $983,644. Based on how the local market is moving, a list price between $964,000 and $1,003,000 would position this home well. This home's position in the current HILLS LAKEWAY market: no active comparable homes on the market among comparable properties. Being 1,410 sqft smaller than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.17 acres versus the area average of 0.95) contributes to the valuation. The 6 month price trend in HILLS LAKEWAY: fallen 14.4%. The best comp here is 13601 Lone Rider TRL, Austin TX 78738 at an adjusted value of $956,757, with a smaller floor plan. With 3 comparable sales in HILLS LAKEWAY, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
