116 Cuernavaca DR, Del Valle TX 78617

Reviewing the most recent comparable transactions, this home's market value falls around $429,840. For a well positioned listing in RIO VISTA RANCH SEC FOUR, I'd target the $459,000 to $505,000 range. In the current RIO VISTA RANCH SEC FOUR market with 3 similar homes available, this price represents the most expensive of 3 comparable homes on the market. This home's larger footprint (308 sqft vs the comp average) plays a role in how the market prices it. At 0.75 acres, the lot is smaller than the 0.85 acre comp average, which factors into pricing. 3 similar homes are currently available in RIO VISTA RANCH SEC FOUR, creating a buyer's market for this price range. Recent trends in 78617 show home values have fallen 3.5% since 6 months ago. The most comparable recent sale is 289 Oak Arbor TRL, Del Valle TX 78617, with an adjusted value of $352,357; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group