Reviewing the most recent comparable transactions, this home's market value falls around $2,492,328. For a well positioned listing in BULL MOUNTAIN, I'd target the $2,709,000 to $2,738,000 range. Against 3 similar active listings in BULL MOUNTAIN, this price point lands at the 2nd most expensive of 3 comparable homes on the market. The 1991 construction puts this home 5 years older than the comp average, a factor in the pricing. At 0.69 acres, the lot is smaller than the 0.79 acre comp average, which factors into pricing. The active market in BULL MOUNTAIN includes 3 comparable homes priced from $2,500,000 to $2,899,950. Recent trends in 78746 show home values have risen 1.7% since 6 months ago. The most comparable recent sale is 529 Buckeye TRL, West Lake Hills TX 78746, with an adjusted value of $2,235,743; with a larger 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