727 Magnolia LN, Cottonwood Shores TX 78657

The estimated value of this property is $348,515, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $243,000 and $253,000. Against 5 similar active listings in DRIFTWOOD, this price point lands at the most expensive of 5 comparable homes on the market. At 176 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2005, this home is 9 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in DRIFTWOOD; a balanced market based on recent absorption. Recent trends in DRIFTWOOD show home values have fallen 46.9% since 6 months ago. The most comparable recent sale is 746 Pecan LN, Cottonwood Shores TX 78657, with an adjusted value of $235,864; 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