825 Southwood DR, 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 $388,972. I'd recommend coming to market at $280,000 to $290,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in DRIFTWOOD. The larger floor plan (109 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1970, this home is 21 years older than the average comp, which is reflected in the adjustments. The active market in DRIFTWOOD includes 7 comparable homes priced from $264,900 to $440,000. The trend in 78657 shows prices have fallen 23.9% in the past 6 months. 724 Cypress LN, Cottonwood Shores TX 78657 nearby adjusts to $222,032; with a smaller floor plan. 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