7 recent sales within a mile of this address suggest a current value of $868,443. My recommended list price range for this property would be $870,000 to $890,000. At this price, the property would be the most expensive of 6 comparable homes on the market comparable homes currently on the market in FALCONHEAD. This home's larger footprint (151 sqft vs the comp average) plays a role in how the market prices it. The 0.30 acre lot (larger than the 0.26 acre average) is reflected in the estimate. With 6 similar homes currently listed in FALCONHEAD (a balanced market), competition is a factor to consider. In FALCONHEAD, home values have fallen approximately 10.6% over the past 6 months. One of the strongest data points is 3920 Vail Divide, Bee Cave TX 78738, adjusting to $948,311; a strong comparable. With 7 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