1175 Cedar Pass RD, Driftwood TX 78619

The market data from 7 similar recent sales in LANIER RANCH points to a value of approximately $760,870. To sell within a reasonable timeframe at fair market value, the $738,000 to $784,000 range is where I'd position this. Against 1 similar active listings in LANIER RANCH, this price point lands at below the only comparable home currently on the market. The 2005 construction puts this home 8 years older than the comp average, a factor in the pricing. At 2.60 acres, the lot is larger than the 1.48 acre comp average, which factors into pricing. With 1 similar homes currently listed in LANIER RANCH (a buyer's market), competition is a factor to consider. In 78619, home values have fallen approximately 7% over the past 6 months. One of the strongest data points is 211 E Creek DR, Dripping Springs TX 78620, adjusting to $746,200; 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