1001 The Cape RD # 23, Horseshoe Bay TX 78657

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $497,179. I'd recommend coming to market at $227,000 to $237,000 to strike the right balance between value and market velocity. Against 7 similar active listings in WATERS, this price point lands at the 4th most expensive of 7 comparable homes on the market. Built in 2006, this home is 12 years newer than the average comp, which is reflected in the adjustments. The 0.10 acre lot (smaller than the 0.13 acre average) is reflected in the estimate. With 7 similar homes currently listed in WATERS (a buyer's market), competition is a factor to consider. The trend in 78657 shows prices have fallen 18% in the past 6 months. 96 Island DR # 12, Horseshoe Bay TX 78657 nearby adjusts to $565,258; 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