After reviewing 7 recent transactions in WESTLAKE TERRACE, I estimate this property's value at $1,520,457. A competitive list price for this home right now would fall in the $1,490,000 to $1,551,000 range. Buyers shopping in WESTLAKE TERRACE right now would see this as a well positioned option among 5 comparable homes. At 23 years newer than typical comps, the 1994 build date influences the valuation. The smaller lot (0.39 acres versus the area average of 0.50) contributes to the valuation. The active market in WESTLAKE TERRACE includes 5 comparable homes priced from $1,099,000 to $1,595,000. Prices in 78746 have fallen 10.3% over the last 6 months. A similar home at 1603 Westlake DR, West Lake Hills TX 78746 carries an adjusted comparable value of $1,102,893, providing a strong data point. The comp data here (7 sales in WESTLAKE TERRACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property.
Curious about your home's value? Get a free estimate here. Ed Neuhaus