After adjusting 3 comparable sales for differences in size, age, and features, this home's estimated value is $472,872. Pricing this home between $459,000 and $487,000 would put it in the competitive sweet spot for TWIN LAKE HILLS. This would position the home competitively among 1 active listings in TWIN LAKE HILLS. The smaller lot (0.37 acres versus the area average of 0.42) contributes to the valuation. With 1 similar homes currently listed in TWIN LAKE HILLS (a balanced market), competition is a factor to consider. Market data shows TWIN LAKE HILLS prices fallen 5.1% over the last half year. The closest comparable sale, 17703 Village DR, Dripping Springs TX 78620 at an adjusted $471,305, is a strong comparable. With 3 comparable sales in TWIN LAKE HILLS, 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
