123 Shallow Water CV, Driftwood TX 78619

After reviewing 7 recent transactions in RIM ROCK, I estimate this property's value at $931,348. A competitive list price for this home right now would fall in the $939,000 to $958,000 range. Relative to what's currently available in RIM ROCK, this home would be the 3rd most expensive of 7 comparable homes on the market. This home's larger footprint (167 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (1.16 acres versus the area average of 1.20) contributes to the valuation. Current inventory shows 7 comparable homes in RIM ROCK; a buyer's market based on recent absorption. Prices in RIM ROCK have fallen 9.8% over the last 6 months. A similar home at 1177 Bluff Woods DR, Driftwood TX 78619 carries an adjusted comparable value of $938,508, providing a strong data point. With 7 comparable sales in RIM ROCK, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group