7 recent sales in the surrounding area of this address suggest a current value of $507,280. My recommended list price range for this property would be $497,000 to $517,000. With 1 comparable homes on the market in HANELIUS & PETERSON, this price positions the property as below the only comparable home currently on the market. Built in 1988, this home is 24 years older than the average comp, which is reflected in the adjustments. The 2.00 acre lot (larger than the 1.02 acre average) is reflected in the estimate. The active market in HANELIUS & PETERSON includes 1 comparable homes priced from $439,990 to $439,990. In 78620, home values have fallen approximately 8% over the past 6 months. One of the strongest data points is 251 Oak Grove DR, Dripping Springs TX 78620, adjusting to $724,193; a strong comparable. Based on 7 relevant data points in HANELIUS & PETERSON, 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