320 Lighthouse, Canyon Lake TX 78133

Reviewing the most recent comparable transactions, this home's market value falls around $320,451. For a well positioned listing in 78133, I'd target the $272,000 to $282,000 range. In the current 78133 market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. The smaller floor plan (106 sqft compared to the average comp) is a meaningful differentiator in this price range. At 0.53 acres, the lot is larger than the 0.40 acre comp average, which factors into pricing. Current inventory shows 7 comparable homes in 78133; a buyer's market based on recent absorption. Recent trends in 78133 show home values have fallen 3.2% since 6 months ago. The most comparable recent sale is 1510 Green Hill DR, Canyon Lake TX 78133, with an adjusted value of $327,049; a strong comparable. 3 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