My analysis of 7 comparable properties puts this home's estimated value at $704,856. Based on how the local market is moving, a list price between $726,000 and $1,001,000 would position this home well. This would position the home competitively among 3 active listings in PIONEER RANCH. At 6 years newer than typical comps, the 2003 build date influences the valuation. The smaller lot (2.00 acres versus the area average of 3.36) contributes to the valuation. There are currently 3 similar homes on the market in PIONEER RANCH, ranging from $719,000 to $1,300,000. The 6 month price trend in 78620: fallen 6.1%. The best comp here is 700 Pioneer TRL, Dripping Springs TX 78620 at an adjusted value of $1,000,978, with a larger floor plan. With 7 comparable sales in PIONEER RANCH, 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
