Reviewing the most recent comparable transactions, this home's market value falls around $1,444,852. For a well positioned listing in 78746, I'd target the $1,213,000 to $1,223,000 range. In the current 78746 market with 5 similar homes available, this price represents the 2nd most expensive of 5 comparable homes on the market. Being 257 sqft smaller than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 3 of 6 comparable sales didn't include one. There are currently 5 similar homes on the market in 78746, ranging from $1,195,000 to $1,850,000. Recent trends in 78746 show home values have risen 2.2% since 6 months ago. The most comparable recent sale is 104 Westhaven DR, West Lake Hills TX 78746, with an adjusted value of $1,487,841; a strong comparable. The 6 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