After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $800,669. Pricing this home between $242,000 and $252,000 would put it in the competitive sweet spot for SUNSET CANYON. This would position the home competitively among 3 active listings in SUNSET CANYON. The larger floor plan (393 sqft compared to the average comp) is a meaningful differentiator in this price range. The larger lot (1.61 acres versus the area average of 1.55) contributes to the valuation. Right now, 3 similar properties are competing for buyers in SUNSET CANYON, listed between $200,000 and $735,000. Market data shows SUNSET CANYON prices fallen 9.9% over the last half year. The closest comparable sale, 1003 Canyon View RD, Dripping Springs TX 78620 at an adjusted $666,857, is with a smaller floor plan. With 5 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