My analysis of 7 comparable properties puts this home's estimated value at $430,857. Based on how the local market is moving, a list price between $468,000 and $520,000 would position this home well. This pricing would rank the home as the most affordable of 2 comparable homes on the market in FITZHUGH CORNERS RESERVE A 189 AC ABST ID's current inventory. The smaller lot (1.05 acres versus the area average of 1.34) contributes to the valuation. Buyers in FITZHUGH CORNERS RESERVE A 189 AC ABST ID have 2 comparable options right now, with asking prices between $425,000 and $675,000. The 6 month price trend in 78620: fallen 5.7%. The best comp here is 11904 Fitzhugh Corners, Dripping Springs TX 78620 at an adjusted value of $178,300, a strong comparable. With 7 comparable sales in FITZHUGH CORNERS RESERVE A 189 AC ABST ID, 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
