216 W Overlook Mountain RD, Buda TX 78610

The market data from 5 similar recent sales in ELLIOTT RANCH PH TWO points to a value of approximately $1,014,122. To sell within a reasonable timeframe at fair market value, the $1,109,000 to $1,132,000 range is where I'd position this. With 5 comparable homes on the market in ELLIOTT RANCH PH TWO, this price positions the property as the 2nd most expensive of 5 comparable homes on the market. The pool is a differentiator here, since 1 of 5 comparable sales didn't include one. At 2.25 acres, the lot is larger than the 1.85 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in ELLIOTT RANCH PH TWO; a buyer's market based on recent absorption. In 78610, home values have fallen approximately 10.8% over the past 6 months. One of the strongest data points is 1413 Little Bear RD, Buda TX 78610, adjusting to $1,109,234; a strong comparable. The 5 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group