5 recent sales within a mile of this address suggest a current value of $1,036,296. My recommended list price range for this property would be $829,000 to $839,000. With 7 comparable homes on the market in SUNSET CANYON, this price positions the property as the 4th most expensive of 7 comparable homes on the market. The 443 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 2011, this home is 6 years newer than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in SUNSET CANYON, listed between $749,000 and $2,499,000. In SUNSET CANYON, home values have fallen approximately 8.1% over the past 6 months. One of the strongest data points is 507 Terrace Canyon DR, Dripping Springs TX 78620, adjusting to $1,203,547; with a larger floor plan. Based on 5 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
