Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,510,043. To generate strong buyer interest while maximizing value, I'd price this between $2,487,000 and $3,014,000. With 3 comparable homes on the market in OLD STONEHEDGE, this price positions the property as the most expensive of 3 comparable homes on the market. Being 496 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 2 of 4 comparable sales didn't include one. With 3 similar homes currently listed in OLD STONEHEDGE (a buyer's market), competition is a factor to consider. The trend in 78746 shows prices have risen 4.3% in the past 6 months. 212 WESTHAVEN DR, West Lake Hills TX 78746 nearby adjusts to $3,156,436; with a smaller floor plan. 4 comparable transactions in OLD STONEHEDGE support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group