318 Shallow Water CV, Driftwood TX 78619

Reviewing the most recent comparable transactions, this home's market value falls around $1,113,075. For a well positioned listing in RIM ROCK PH ONE SEC FOUR, I'd target the $963,000 to $973,000 range. Against 5 similar active listings in RIM ROCK PH ONE SEC FOUR, this price point lands at the 2nd least expensive of 5 comparable homes on the market. At 253 sqft larger than the typical comp, the size difference factors into the valuation. At 2.21 acres, the lot is larger than the 1.36 acre comp average, which factors into pricing. Right now, 5 similar properties are competing for buyers in RIM ROCK PH ONE SEC FOUR, listed between $950,000 and $1,199,000. Recent trends in 78619 show home values have fallen 13.1% since 6 months ago. The most comparable recent sale is 185 Shallow Water CV, Driftwood TX 78619, with an adjusted value of $1,197,801; with a larger floor plan. The 4 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