550 Lake FRST, Canyon Lake TX 78133

Reviewing the most recent comparable transactions, this home's market value falls around $323,801. For a well positioned listing in 78133, I'd target the $378,000 to $389,000 range. With 7 comparable homes on the market in 78133, this price positions the property as the most affordable of 7 comparable homes on the market. At 221 sqft larger than the typical comp, the size difference factors into the valuation. The 1969 construction puts this home 24 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in 78133 (a buyer's market), competition is a factor to consider. Recent trends in 78133 show home values have fallen 8.4% since 6 months ago. The most comparable recent sale is 1647 Westview Court DR, Canyon Lake TX 78133, with an adjusted value of $333,884; with a smaller floor plan. The 7 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