1000 The Cape # 54, Horseshoe Bay TX 78657

The estimated value of this property is $494,827, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $557,000 and $719,000. With 3 comparable homes on the market in WATERS, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. Being 192 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2006, this home is 15 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in WATERS; a buyer's market based on recent absorption. Recent trends in 78657 show home values have fallen 3.6% since 6 months ago. The most comparable recent sale is 101 West Bank DR # 15, Horseshoe Bay TX 78657, with an adjusted value of $719,453; a strong comparable. Based on 7 relevant data points in WATERS, 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