157 Teal RDG, Canyon Lake TX 78133

The market data from 7 similar recent sales in 78133 points to a value of approximately $894,196. To sell within a reasonable timeframe at fair market value, the $867,000 to $921,000 range is where I'd position this. With 1 comparable homes on the market in 78133, this price positions the property as below the only comparable home currently on the market. This home's larger footprint (1,184 sqft vs the comp average) plays a role in how the market prices it. At 5.93 acres, the lot is larger than the 2.86 acre comp average, which factors into pricing. Right now, 1 similar properties are competing for buyers in 78133, listed between $2,999,000 and $2,999,000. In 78133, home values have risen approximately 4% over the past 6 months. One of the strongest data points is 4105 Summit Hurst, New Braunfels TX 78132, adjusting to $617,760; with a smaller floor plan. 7 comparable transactions in 78133 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