1131 River Oaks BLVD, Canyon Lake TX 78133

The estimated value of this property is $700,446, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $332,000 and $342,000. In the current 78133 market with 6 similar homes available, this price represents the most expensive of 6 comparable homes on the market. Built in 2007, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 0.36 acre lot (smaller than the 0.68 acre average) is reflected in the estimate. Current inventory shows 6 comparable homes in 78133; a buyer's market based on recent absorption. Recent trends in 78133 show home values have fallen 7.6% since 6 months ago. The most comparable recent sale is 1324 Guadalupe RD, New Braunfels TX 78132, with an adjusted value of $958,594; a strong comparable. 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