702 Cypress LN, Cottonwood Shores TX 78657

Reviewing the most recent comparable transactions, this home's market value falls around $301,245. For a well positioned listing in DRIFTWOOD, I'd target the $215,000 to $279,000 range. In the current DRIFTWOOD market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. This home's smaller footprint (330 sqft vs the comp average) plays a role in how the market prices it. At 0.34 acres, the lot is larger than the 0.24 acre comp average, which factors into pricing. 2 similar homes are currently available in DRIFTWOOD, creating a balanced market for this price range. Recent trends in DRIFTWOOD show home values have fallen 46.9% since 6 months ago. The most comparable recent sale is 3915 Willow DR, Horseshoe Bay TX 78657, with an adjusted value of $192,824; with a larger 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