After reviewing 7 recent transactions in CHARLES WILCOX SURVEY, I estimate this property's value at $1,041,683. A competitive list price for this home right now would fall in the $1,021,000 to $1,063,000 range. This home's position in the current CHARLES WILCOX SURVEY market: the most expensive of 7 comparable homes on the market among comparable properties. The larger lot (14.79 acres versus the area average of 1.95) contributes to the valuation. Current inventory shows 7 comparable homes in CHARLES WILCOX SURVEY; a buyer's market based on recent absorption. Prices in 78620 have fallen 4.4% over the last 6 months. A similar home at 280 Hannah DR, Dripping Springs TX 78620 carries an adjusted comparable value of $970,341, providing a strong data point. With 7 comparable sales in CHARLES WILCOX SURVEY, 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
