Reviewing the most recent comparable transactions, this home's market value falls around $734,208. For a well positioned listing in SUNSET CANYON, I'd target the $712,000 to $756,000 range. With 5 comparable homes on the market in SUNSET CANYON, this price positions the property as the 3rd most expensive of 5 comparable homes on the market. The 210 sqft size difference versus comparable sales is reflected in the adjusted values. The 2006 construction puts this home 6 years newer than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in SUNSET CANYON; a balanced market based on recent absorption. Recent trends in SUNSET CANYON show home values have fallen 4.7% since 6 months ago. The most comparable recent sale is 701 W Creek DR, Dripping Springs TX 78620, with an adjusted value of $723,139; a strong comparable. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group
