7504 and 7508 Reed DR, Volente TX 78641

Volente, TX 78641 | Lake

Ed's Opinion of Value

$500,289 Ed's Estimate: $1,795,857 $6,800,000
Lowest Comp Recommended List: $1,742,000 to $1,850,000 Highest Comp
The market data from 7 similar recent sales in LAKE points to a value of approximately $1,795,857. To sell within a reasonable timeframe at fair market value, the $1,742,000 to $1,850,000 range is where I'd position this. Against 1 similar active listings in LAKE, this price point lands at below the only comparable home currently on the market. The 2,484 sqft size difference versus comparable sales is reflected in the adjusted values. The pool is a differentiator here, since 3 of 7 comparable sales didn't include one. 1 similar homes are currently available in LAKE, creating a buyer's market for this price range. In 78641, home values have fallen approximately 3% over the past 6 months. One of the strongest data points is 8271 Lime Creek RD, Volente TX 78641, adjusting to $1,771,816; with a smaller floor plan. 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
7 Beds
7 Baths 5 Full, 2 Half
6,568 Sq Ft
1.5 Acres
1972 Built
2 Garage

About This Property

2 adjacent waterfront properties offered together as a package- 7504 Reed Dr. and 7508 Reed Dr. The list price for both properties combined is $2.295 million. Private Dock on a deep water cove! Park like setting! The properties offer a gorgeous treed setting, tons of privacy, and loads of space. Very hard to find this much gently sloping usable this close to the lake. Houses set back from the road for privacy. Feels like a true compound. Numerous decks and patios, a nice workshop/studio, sheds, Swim Spa/hot tub combo for exercise and relaxing.

7508 Reed (the updated house in all the images) is move in ready and would make an excellent lake side retreat, full time residence, or short term rental. It boasts a spacious totally remodeled kitchen with granite countertops, open floor plan, center island, and recent cabinetry. The living room has beautiful vintage features and a wall of patio doors leading to a huge deck. Upstairs is an enormous master suite with steam shower, a private patio a workout room, and another bedroom.

7504 Reed offers the major selling points of 2 separate half acre waterfront lots and an attractive lake side area. The house has had all the big ticket items recently replaced (2 recent quality HVAC's, recent architectural shingle roof, recent exterior paint, well pump, septic service) but it is a project. Remodel, build your dream home on .999 acres, or develop the 2 lots on 7504 individually. Buyer to verify all future use potential for both properties.

Property Highlights

Pool Pool/Spa Combo, See Remarks

Features

  • Granite Counters
  • In-Law Floorplan
  • Recessed Lighting

Location

Schools

School District Leander ISD
Middle School Four Points
High School Vandegrift

Property Details

Property Type Residential
Flooring Laminate, Tile, Vinyl, Wood
Cooling Central Air
Heating Central
Exterior Gas Grill, Gutters Partial, Private Dock, Private Yard
County Travis
MLS # 9967415
Garage 2 spaces

Listing History

MLS# 9967415 18 days
Jan 12, 2022 Off Market
Dec 1, 2021 Price Change $2,295,000
Nov 11, 2021 Listed $2,300,000

Frequently Asked Questions About 7504 and 7508 Reed DR, Volente TX 78641

When was 7504 and 7508 Reed DR, Volente TX 78641 built?

7504 and 7508 Reed DR, Volente TX 78641 was built in 1972.

How much does 7504 and 7508 Reed DR, Volente TX 78641 cost?

7504 and 7508 Reed DR, Volente TX 78641 sold on January 12, 2022. Contact us for sale price details.

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