The market data from 6 similar recent sales in HILLS LAKEWAY points to a value of approximately $1,113,919. To sell within a reasonable timeframe at fair market value, the $1,092,000 to $1,136,000 range is where I'd position this. Against 6 similar active listings in HILLS LAKEWAY, this price point lands at the 2nd most expensive of 6 comparable homes on the market. The larger floor plan (251 sqft compared to the average comp) is a meaningful differentiator in this price range. With 6 similar homes currently listed in HILLS LAKEWAY (a seller's market), competition is a factor to consider. In HILLS LAKEWAY, home values have fallen approximately 9.1% over the past 6 months. One of the strongest data points is 12 Postwood RD, The Hills TX 78738, adjusting to $1,317,240; a strong comparable. The 6 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
