The estimated value of this property is $1,250,550, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $1,415,000 and $1,442,000. Among the similar homes currently available in PRESERVE PH TWO, this price point stands out as competitive. The 315 sqft size difference versus comparable sales is reflected in the adjusted values. The 2.41 acre lot (larger than the 1.40 acre average) is reflected in the estimate. The active market in PRESERVE PH TWO includes 7 comparable homes priced from $1,149,900 to $2,349,900. Recent trends in 78620 show home values have fallen 3.4% since 6 months ago. The most comparable recent sale is 218 Candle Leaf CV, Dripping Springs TX 78620, with an adjusted value of $1,414,959; with a smaller floor plan and a pool. Based on 7 relevant data points in PRESERVE PH TWO, 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
