1117 Country PIKE, Canyon Lake TX 78133

The estimated value of this property is $784,047, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $921,000 and $1,153,000. Against 3 similar active listings in 78133, this price point lands at the most affordable of 3 comparable homes on the market. This home's larger footprint (1,007 sqft vs the comp average) plays a role in how the market prices it. Built in 1988, this home is 21 years older than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 78133; a buyer's market based on recent absorption. Recent trends in 78133 show home values have fallen 10.9% since 6 months ago. The most comparable recent sale is 1412 PRIMROSE PATH PATH, Canyon Lake TX 78133, with an adjusted value of $745,640; with a smaller floor plan. Based on 7 relevant data points in 78133, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX