After reviewing 7 recent transactions in HIGH VIEW RANCH, I estimate this property's value at $398,480. A competitive list price for this home right now would fall in the $387,000 to $410,000 range. This pricing would rank the home as below the only comparable home currently on the market in HIGH VIEW RANCH's current inventory. At 964 sqft larger than the typical comp, the size difference factors into the valuation. The smaller lot (2.59 acres versus the area average of 3.55) contributes to the valuation. There are currently 1 similar homes on the market in HIGH VIEW RANCH, ranging from $574,900 to $574,900. Prices in HIGH VIEW RANCH have fallen 2.2% over the last 6 months. A similar home at 546 Texas Oak DR, Cedar Creek TX 78612 carries an adjusted comparable value of $457,897, providing a strong data point. With 7 comparable sales in HIGH VIEW RANCH, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further.
Ed Neuhaus, Broker/Owner, Neuhaus Realty Group