Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $387,337. To generate strong buyer interest while maximizing value, I'd price this between $393,000 and $397,000. At this price, the property would be the most expensive of 3 comparable homes on the market comparable homes currently on the market in VALLEY LAKE HILLS. The 2000 construction puts this home 8 years older than the comp average, a factor in the pricing. At 0.36 acres, the lot is larger than the 0.30 acre comp average, which factors into pricing. There are currently 3 similar homes on the market in VALLEY LAKE HILLS, ranging from $370,000 to $425,000. The trend in VALLEY LAKE HILLS shows prices have fallen 5.7% in the past 6 months. 10107 George Hill DR, Dripping Springs TX 78620 nearby adjusts to $378,567; a strong comparable. The 7 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
