Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,093,346. To generate strong buyer interest while maximizing value, I'd price this between $647,000 and $657,000. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in LOST VALLEY. At 11.55 acres, the lot is larger than the 3.59 acre comp average, which factors into pricing. Buyers in LOST VALLEY have 4 comparable options right now, with asking prices between $599,000 and $1,999,000. The trend in 78620 shows prices have fallen 3.5% in the past 6 months. 323 Stonegate LN, Dripping Springs TX 78620 nearby adjusts to $1,292,733; with a smaller floor plan. 7 comparable transactions in LOST VALLEY support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
