7 recent sales in the surrounding area of this address suggest a current value of $1,051,005. My recommended list price range for this property would be $800,000 to $810,000. With 4 comparable homes on the market in WERTH, this price positions the property as the 2nd most expensive of 4 comparable homes on the market. At 115 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2017, this home is 7 years newer than the average comp, which is reflected in the adjustments. Buyers in WERTH have 4 comparable options right now, with asking prices between $875,000 and $1,950,000. In 78620, home values have fallen approximately 9% over the past 6 months. One of the strongest data points is 201 Terra Scena TRL, Dripping Springs TX 78620, adjusting to $1,549,401; with a smaller floor plan. Based on 7 relevant data points in WERTH, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story.
Ed Neuhaus, Neuhaus Realty Group | Austin, TX
