Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $433,653. To generate strong buyer interest while maximizing value, I'd price this between $464,000 and $478,000. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in BRIARCLIFF INC. This home's smaller footprint (104 sqft vs the comp average) plays a role in how the market prices it. At 0.30 acres, the lot is smaller than the 0.34 acre comp average, which factors into pricing. With 3 similar homes currently listed in BRIARCLIFF INC (a buyer's market), competition is a factor to consider. The trend in BRIARCLIFF INC shows prices have fallen 15.2% in the past 6 months. 22340 Briarcliff DR, Spicewood TX 78669 nearby adjusts to $353,088; with a larger floor plan. 6 comparable transactions in BRIARCLIFF INC 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