720 Birch LN, Cottonwood Shores TX 78657

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $414,830. To generate strong buyer interest while maximizing value, I'd price this between $211,000 and $221,000. Against 4 similar active listings in DRIFTWOOD, this price point lands at the 2nd most expensive of 4 comparable homes on the market. The 1976 construction puts this home 14 years older than the comp average, a factor in the pricing. At 0.23 acres, the lot is larger than the 0.18 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in DRIFTWOOD; a buyer's market based on recent absorption. The trend in 78657 shows prices have fallen 15.4% in the past 6 months. 3915 Willow DR, Horseshoe Bay TX 78657 nearby adjusts to $197,477; a strong comparable. 7 comparable transactions in DRIFTWOOD support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group