722 Magnolia 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 $289,026. I'd recommend coming to market at $276,000 to $298,000 to strike the right balance between value and market velocity. With 4 comparable homes on the market in DRIFTWOOD, this price positions the property as the most expensive of 4 comparable homes on the market. Being 247 sqft smaller than the average comparable sale in this area impacts the per square foot value. Built in 2023, this home is 12 years newer than the average comp, which is reflected in the adjustments. Right now, 4 similar properties are competing for buyers in DRIFTWOOD, listed between $269,000 and $269,000. The trend in 78657 shows prices have fallen 18% in the past 6 months. 746 Pecan LN, Cottonwood Shores TX 78657 nearby adjusts to $268,972; a strong comparable. Based on 7 relevant data points in DRIFTWOOD, 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