My analysis of 3 comparable properties puts this home's estimated value at $1,332,639. Based on how the local market is moving, a list price between $1,055,000 and $1,065,000 would position this home well. This pricing would rank the home as the most expensive of 3 comparable homes on the market in HILLS OF LAKEWAY's current inventory. Being 248 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.28 acres versus the area average of 0.32) contributes to the valuation. Current inventory shows 3 comparable homes in HILLS OF LAKEWAY; a buyer's market based on recent absorption. The 6 month price trend in 78738: fallen 1%. The best comp here is 15 Glen Rock DR, The Hills TX 78738 at an adjusted value of $1,069,150, with a smaller floor plan. With 3 comparable sales in HILLS OF 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
