725 Magnolia LN, Cottonwood Shores TX 78657

The estimated value of this property is $378,530, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $243,000 and $253,000. With 5 comparable homes on the market in DRIFTWOOD, this price positions the property as the most expensive of 5 comparable homes on the market. Being 215 sqft smaller than the average comparable sale in this area impacts the per square foot value. The 0.12 acre lot (smaller than the 0.22 acre average) is reflected in the estimate. With 5 similar homes currently listed in DRIFTWOOD (a buyer's market), competition is a factor to consider. Recent trends in 78657 show home values have fallen 13.2% since 6 months ago. The most comparable recent sale is 746 Pecan LN, Cottonwood Shores TX 78657, with an adjusted value of $237,426; 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