6 recent sales within half a mile of this address suggest a current value of $910,963. My recommended list price range for this property would be $904,000 to $921,000. Against 3 similar active listings in RIM ROCK, this price point lands at the most expensive of 3 comparable homes on the market. Being 277 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1.01 acre lot (smaller than the 1.19 acre average) is reflected in the estimate. Right now, 3 similar properties are competing for buyers in RIM ROCK, listed between $849,900 and $1,550,000. In RIM ROCK, home values have fallen approximately 11.5% over the past 6 months. One of the strongest data points is 1177 Bluff Woods DR, Driftwood TX 78619, adjusting to $872,496; with a larger floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
