547 Lake Forest DR, Canyon Lake TX 78133

Reviewing the most recent comparable transactions, this home's market value falls around $444,964. For a well positioned listing in 78133, I'd target the $281,000 to $291,000 range. With 7 comparable homes on the market in 78133, this price positions the property as the most expensive of 7 comparable homes on the market. The 1977 construction puts this home 10 years newer than the comp average, a factor in the pricing. At 0.42 acres, the lot is smaller than the 0.50 acre comp average, which factors into pricing. The active market in 78133 includes 7 comparable homes priced from $275,000 to $460,000. Recent trends in 78133 show home values have risen 13.4% since 6 months ago. The most comparable recent sale is 1647 Westview Court DR, Canyon Lake TX 78133, with an adjusted value of $323,817; a strong comparable. The 3 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