10 N Peak RD, West Lake Hills TX 78746

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $1,420,502. I'd recommend coming to market at $662,000 to $672,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in LAS LOMAS, this price positions the property as the most expensive of 4 comparable homes on the market. This home's smaller footprint (1,062 sqft vs the comp average) plays a role in how the market prices it. Built in 1955, this home is 19 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in LAS LOMAS; a buyer's market based on recent absorption. The trend in 78746 shows prices have fallen 4.2% in the past 6 months. 5007 Rollingwood DR, Rollingwood TX 78746 nearby adjusts to $1,263,863; with a larger floor plan. Based on 7 relevant data points in LAS LOMAS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX