After reviewing 3 recent transactions in SUNSET CANYON, I estimate this property's value at $1,017,355. A competitive list price for this home right now would fall in the $987,000 to $1,048,000 range. This would position the home competitively among 1 active listings in SUNSET CANYON. The 297 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (1.91 acres versus the area average of 1.84) contributes to the valuation. 1 similar homes are currently available in SUNSET CANYON, creating a balanced market for this price range. Prices in SUNSET CANYON have fallen 5.9% over the last 6 months. A similar home at 1010 Sunset Canyon DR S, Dripping Springs TX 78620 carries an adjusted comparable value of $934,050, providing a strong data point. With 3 comparable sales in SUNSET CANYON, 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
