641 Driftwood LN, Cottonwood Shores TX 78657

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $159,817. I'd recommend coming to market at $123,000 to $133,000 to strike the right balance between value and market velocity. Against 7 similar active listings in SCARLET OAKS, this price point lands at the 2nd least expensive of 7 comparable homes on the market. The smaller floor plan (435 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1975, this home is 15 years older than the average comp, which is reflected in the adjustments. With 7 similar homes currently listed in SCARLET OAKS (a buyer's market), competition is a factor to consider. The trend in 78657 shows prices have fallen 12.3% in the past 6 months. 610 Clear Cove DR, Marble Falls TX 78654 nearby adjusts to $83,386; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group