6 recent sales within a mile of this address suggest a current value of $1,121,756. My recommended list price range for this property would be $902,000 to $912,000. With 7 comparable homes on the market in SUNSET CANYON, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 310 sqft size difference versus comparable sales is reflected in the adjusted values. The 1.25 acre lot (smaller than the 1.56 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in SUNSET CANYON, listed between $825,000 and $2,200,000. In SUNSET CANYON, home values have fallen approximately 5.9% over the past 6 months. One of the strongest data points is 507 Terrace Canyon DR, Dripping Springs TX 78620, adjusting to $1,202,321; with a larger floor plan. Based on 6 relevant data points in SUNSET CANYON, 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
