The market data from 7 similar recent sales in 78738 points to a value of approximately $1,222,611. To sell within a reasonable timeframe at fair market value, the $881,000 to $891,000 range is where I'd position this. At this price, the property would be the 2nd most expensive of 6 comparable homes on the market comparable homes currently on the market in 78738. The larger floor plan (138 sqft compared to the average comp) is a meaningful differentiator in this price range. There are currently 6 similar homes on the market in 78738, ranging from $787,000 to $1,450,000. In 78738, home values have fallen approximately 4.5% over the past 6 months. One of the strongest data points is 201 Aria DR, Lakeway TX 78738, adjusting to $1,104,972; a strong comparable. The 7 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