Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,354,610. To generate strong buyer interest while maximizing value, I'd price this between $1,136,000 and $1,146,000. Against 6 similar active listings in DEERFIELD ESTATES, this price point lands at the 3rd least expensive of 6 comparable homes on the market. This home's larger footprint (165 sqft vs the comp average) plays a role in how the market prices it. At 3.13 acres, the lot is smaller than the 7.66 acre comp average, which factors into pricing. There are currently 6 similar homes on the market in DEERFIELD ESTATES, ranging from $1,169,700 to $2,250,000. The trend in 78620 shows prices have fallen 4.1% in the past 6 months. 465 Hannah DR, Dripping Springs TX 78620 nearby adjusts to $902,400; with a smaller floor plan. 7 comparable transactions in DEERFIELD ESTATES 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
