7 recent sales in the surrounding area of this address suggest a current value of $524,278. My recommended list price range for this property would be $509,000 to $540,000. In the current DOS LAGOS market with 1 similar homes available, this price represents below the only comparable home currently on the market. The larger floor plan (120 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.77 acre lot (larger than the 0.35 acre average) is reflected in the estimate. Current inventory shows 1 comparable homes in DOS LAGOS; a buyer's market based on recent absorption. In 78620, home values have fallen approximately 7% over the past 6 months. One of the strongest data points is 807 Meadow Oaks DR, Dripping Springs TX 78620, adjusting to $710,070; a strong comparable. Based on 7 relevant data points in DOS LAGOS, 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
