After reviewing 7 recent transactions in SERENE HILLS &, I estimate this property's value at $1,841,067. A competitive list price for this home right now would fall in the $1,804,000 to $1,878,000 range. Relative to what's currently available in SERENE HILLS &, this home would be the most affordable of 3 comparable homes on the market. Being 255 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (0.37 acres versus the area average of 0.43) contributes to the valuation. The active market in SERENE HILLS & includes 3 comparable homes priced from $2,000,000 to $4,299,900. Prices in 78738 have risen 8.2% over the last 6 months. A similar home at 1008 Crestone Stream DR, Lakeway TX 78738 carries an adjusted comparable value of $1,451,314, providing a strong data point. With 7 comparable sales in SERENE HILLS &, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
