Reviewing the most recent comparable transactions, this home's market value falls around $518,091. For a well positioned listing in DOUGLAS ESTATES, I'd target the $280,000 to $290,000 range. In the current DOUGLAS ESTATES market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. At 1,112 sqft smaller than the typical comp, the size difference factors into the valuation. The 2007 construction puts this home 6 years newer than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in DOUGLAS ESTATES; a buyer's market based on recent absorption. Recent trends in 78620 show home values have fallen 6.1% since 6 months ago. The most comparable recent sale is 251 Barton Meadow DR, Dripping Springs TX 78620, with an adjusted value of $457,342; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
