The market data from 7 similar recent sales in SUNSET CANYON points to a value of approximately $1,032,274. To sell within a reasonable timeframe at fair market value, the $1,109,000 to $1,135,000 range is where I'd position this. With 4 comparable homes on the market in SUNSET CANYON, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. Being 279 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2006 construction puts this home 6 years newer than the comp average, a factor in the pricing. There are currently 4 similar homes on the market in SUNSET CANYON, ranging from $1,075,000 to $1,749,000. In SUNSET CANYON, home values have fallen approximately 9.1% over the past 6 months. One of the strongest data points is 1006 Foothills DR, Dripping Springs TX 78620, adjusting to $1,392,822; with a smaller floor plan. 7 comparable transactions in SUNSET CANYON support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
