7 recent sales in the surrounding area of this address suggest a current value of $1,968,265. My recommended list price range for this property would be $1,909,000 to $2,027,000. At this price, the property would be below the only comparable home currently on the market comparable homes currently on the market in PRESERVE. This home's larger footprint (1,254 sqft vs the comp average) plays a role in how the market prices it. The pool is a standout feature, with 2 of 7 comparable homes not offering one. There are currently 1 similar homes on the market in PRESERVE, ranging from $2,600,000 to $2,600,000. In PRESERVE, home values have fallen approximately 18% over the past 6 months. One of the strongest data points is 1451 Gatlin Creek RD E, Driftwood TX 78619, adjusting to $1,847,669; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
