After reviewing 7 recent transactions in SILVERADO ESTATES PH ONE, I estimate this property's value at $1,422,700. A competitive list price for this home right now would fall in the $1,087,000 to $1,097,000 range. This pricing would rank the home as the 2nd least expensive of 5 comparable homes on the market in SILVERADO ESTATES PH ONE's current inventory. The 1,191 sqft size difference versus comparable sales is reflected in the adjusted values. At 5 years older than typical comps, the 2005 build date influences the valuation. Current inventory shows 5 comparable homes in SILVERADO ESTATES PH ONE; a buyer's market based on recent absorption. Prices in 78620 have fallen 8.4% over the last 6 months. A similar home at 447 Miss Donna LN, Dripping Springs TX 78620 carries an adjusted comparable value of $1,154,896, providing a strong data point. With 7 comparable sales in SILVERADO ESTATES PH ONE, 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
