Based on 7 closed sales in RIVER OAKS RANCH, the data points to a value around $655,819 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $454,000 to $464,000. This home's position in the current RIVER OAKS RANCH market: the most expensive of 2 comparable homes on the market among comparable properties. The smaller floor plan (272 sqft compared to the average comp) is a meaningful differentiator in this price range. There are currently 2 similar homes on the market in RIVER OAKS RANCH, ranging from $425,000 to $1,150,000. Market data shows 78620 prices fallen 5.6% over the last half year. The closest comparable sale, 32139 Mirela Anne RD, Dripping Springs TX 78620 at an adjusted $573,324, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in RIVER OAKS RANCH. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available.
Ed Neuhaus, Neuhaus Realty Group
