The estimated value of this property is $916,463, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $1,264,000 and $1,732,000. Against 7 similar active listings in HORSESHOE BAY WEST, this price point lands at the most affordable of 7 comparable homes on the market. At 1,206 sqft larger than the typical comp, the size difference factors into the valuation. Built in 1998, this home is 9 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in HORSESHOE BAY WEST, listed between $999,900 and $3,595,000. Recent trends in HORSESHOE BAY WEST show home values have risen 6.9% since 6 months ago. The most comparable recent sale is 3000 Driftwood LN, Horseshoe Bay TX 78657, with an adjusted value of $1,892,717; with a smaller floor plan and a pool. Based on 7 relevant data points in HORSESHOE BAY WEST, 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