Taking into account 3 nearby comparable sales, this property's estimated value comes to $1,677,843. If we were to list this property today, I'd recommend a list price in the $1,224,000 to $1,234,000 range. Relative to what's currently available in 4905 SOUTH CREST DRIVE, this home would be the 3rd most expensive of 7 comparable homes on the market. The smaller floor plan (117 sqft compared to the average comp) is a meaningful differentiator in this price range. Lot size matters here: 0.36 acres versus 0.39 for the typical comp. The active market in 4905 SOUTH CREST DRIVE includes 7 comparable homes priced from $1,204,000 to $2,200,000. The 6 month price trend in 78746: fallen 7%. The best comp here is 104 Westhaven DR, West Lake Hills TX 78746 at an adjusted value of $1,313,448, with a smaller floor plan and a pool. This estimate draws on 3 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus