892 Monarch LN, Canyon Lake TX 78133

The estimated value of this property is $388,920, based on 3 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $377,000 and $401,000. With 5 comparable homes on the market in 78133, this price positions the property as the 2nd least expensive of 5 comparable homes on the market. Built in 2016, this home is 6 years newer than the average comp, which is reflected in the adjustments. The 0.50 acre lot (smaller than the 0.68 acre average) is reflected in the estimate. Current inventory shows 5 comparable homes in 78133; a buyer's market based on recent absorption. Recent trends in 78133 show home values have risen 8.3% since 6 months ago. The most comparable recent sale is 1159 Stallion Springs DR, Fischer TX 78623, with an adjusted value of $382,212; with a larger floor plan. Based on 3 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