After reviewing 7 recent transactions in SILVERADO ESTATES PH ONE, I estimate this property's value at $1,435,524. 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 965 sqft size difference versus comparable sales is reflected in the adjusted values. The larger lot (10.00 acres versus the area average of 6.02) contributes to 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 4.1% over the last 6 months. A similar home at 290 Miss Donna LN, Dripping Springs TX 78620 carries an adjusted comparable value of $952,650, 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
