After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,281,628. Pricing this home between $1,256,000 and $1,307,000 would put it in the competitive sweet spot for MIDDLE CREEK CROSSING. This would position the home competitively among 1 active listings in MIDDLE CREEK CROSSING. At 996 sqft larger than the typical comp, the size difference factors into the valuation. Having a pool is a plus; 5 of the 7 comps lacked one. With 1 similar homes currently listed in MIDDLE CREEK CROSSING (a buyer's market), competition is a factor to consider. Market data shows 78606 prices fallen 12.1% over the last half year. The closest comparable sale, 2001 Montell RD, Wimberley TX 78676 at an adjusted $1,382,170, is a strong comparable. With 7 comparable sales in MIDDLE CREEK CROSSING, 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
