Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,064,006. To generate strong buyer interest while maximizing value, I'd price this between $1,146,000 and $1,235,000. Against 5 similar active listings in HILLS LAKEWAY, this price point lands at the 2nd least expensive of 5 comparable homes on the market. The larger floor plan (301 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.20 acres, the lot is smaller than the 0.26 acre comp average, which factors into pricing. There are currently 5 similar homes on the market in HILLS LAKEWAY, ranging from $920,000 to $1,449,990. The trend in HILLS LAKEWAY shows prices have fallen 9.5% in the past 6 months. 60 Tiburon DR, The Hills TX 78738 nearby adjusts to $1,234,978; with a larger floor plan. 7 comparable transactions in HILLS LAKEWAY 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
