724 Magnolia LN, Cottonwood Shores TX 78657

Cottonwood Shores, TX 78657 | Driftwood | Built by Ameritex Homes

Off Market

Exterior view of 724 Magnolia LN, Cottonwood Shores TX 78657

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Ed's Opinion of Value

$224,773 Ed's Estimate: $288,935 $517,750

Lowest Comp Recommended List: $297,000 to $309,000 Highest Comp

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $288,935. I'd recommend coming to market at $297,000 to $309,000 to strike the right balance between value and market velocity. In the current DRIFTWOOD market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. The 247 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2023, this home is 12 years newer than the average comp, which is reflected in the adjustments. With 2 similar homes currently listed in DRIFTWOOD (a buyer's market), competition is a factor to consider. The trend in 78657 shows prices have fallen 20.7% in the past 6 months. 746 Pecan LN, Cottonwood Shores TX 78657 nearby adjusts to $269,206; 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

78657 Market Trends

$615,250 Median Sold Price ▼ 20.7% 6mo

$277/sqft Median $/SqFt ▼ 16.3% 6mo

162 days Avg Days on Market 44 days slower

201 homes Active Inventory 13.7 mo supply

95.4% Sale-to-List Ratio

88 Sales (6 months)

Recently Sold Comparables

$269,206 adjusted 746 Pecan LN, Cottonwood Shores TX 78657 3bd / 2.0ba • 1,262 sqft • 0.1 mi Sold 3 months ago

$297,116 adjusted 600 Fir LN, Cottonwood Shores TX 78657 3bd / 2.0ba • 1,392 sqft • 0.4 mi Sold 1 months ago

$224,773 adjusted 724 Cypress LN, Cottonwood Shores TX 78657 3bd / 2.0ba • 1,356 sqft • 0.1 mi Sold 2 months ago

$248,887 adjusted 3915 Willow DR, Horseshoe Bay TX 78657 2bd / 2.0ba • 1,320 sqft • 0.1 mi Sold 6 months ago

$517,750 adjusted 710 Pecan LN, Cottonwood Shores TX 78657 3bd / 2.0ba • 2,477 sqft • 0.1 mi Sold 11 months ago

Currently on Market

$264,900 728 Driftwood LN, Cottonwood Shores TX 78657 3bd / 2.0ba • 1,404 sqft • 0.2 mi 60 days on market

$324,999 4307 Cottonwood DR, Cottonwood Shores TX 78657 3bd / 2.0ba • 1,440 sqft • 0.5 mi 161 days on market

3 Beds

2 Baths 2 Full

1,298 Sq Ft

0.1148 Acres

2023 Built

2 Garage

About This Property

Beautiful new home for sale featuring 3 bedrooms, 2 bathrooms, an open concept floor plan, and many more modern amenities throughout. The kitchen boasts a large island with upgraded countertops and energy-efficient appliances. The private master includes an ensuite bathroom and walk-in closet. All these features and more make this home a must-see! Images may be reflective of a staged or representative unit; homes are unfurnished and features may vary by floor plan and location. Seller will contribute up to $10,000 toward closing costs. Final amount to be approved by lender.

Features

Electric Dryer Hookup
No Interior Steps
Primary Bedroom on Main
Walk-In Closet(s)
Washer Hookup

Location

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Schools

School District Marble Falls ISD

Elementary Colt

Middle School Marble Falls

High School Marble Falls

Property Details

Property Type Residential

Flooring Tile, Vinyl

Cooling Central Air

Heating Central, Electric, Heat Pump

Exterior No Exterior Steps

County Burnet

MLS # 1772395

Garage 2 spaces

Tax Information

Annual Taxes (MLS) $387 (2022)

Listing History

MLS# 1772395 119 days

Aug 25, 2023	Off Market
May 3, 2023	Price Change	$257,490
Mar 11, 2023	Listed	$304,990

Frequently Asked Questions About 724 Magnolia LN, Cottonwood Shores TX 78657

When was 724 Magnolia LN, Cottonwood Shores TX 78657 built?

724 Magnolia LN, Cottonwood Shores TX 78657 was built in 2023.

How much does 724 Magnolia LN, Cottonwood Shores TX 78657 cost?

724 Magnolia LN, Cottonwood Shores TX 78657 sold on August 25, 2023. Contact us for sale price details.

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$269,000 1203 Hackberry DR, Marble Falls TX 78654 3 bd | 2 ba

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