Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $2,474,519. To generate strong buyer interest while maximizing value, I'd price this between $1,898,000 and $1,908,000. With 3 comparable homes on the market in OLD STONEHEDGE, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Being 315 sqft larger than the average comparable sale in this area impacts the per square foot value. The pool is a differentiator here, since 1 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 10.5% in the past 6 months. 411 SKYLINE DR, West Lake Hills TX 78746 nearby adjusts to $2,918,585; 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