The estimated value of this property is $888,794, based on 6 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $712,000 and $722,000. At this price, the property would be the 2nd most expensive of 7 comparable homes on the market comparable homes currently on the market in 78737. At 114 sqft larger than the typical comp, the size difference factors into the valuation. The 1.05 acre lot (larger than the 0.99 acre average) is reflected in the estimate. The active market in 78737 includes 7 comparable homes priced from $649,000 to $1,810,000. Recent trends in 78737 show home values have risen 1.3% since 6 months ago. The most comparable recent sale is 229 Huck Finn TRL, Dripping Springs TX 78620, with an adjusted value of $938,604; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
