107 Island DR # 5, Horseshoe Bay TX 78657

The market data from 7 similar recent sales in 78657 points to a value of approximately $996,648. To sell within a reasonable timeframe at fair market value, the $786,000 to $796,000 range is where I'd position this. At this price, the property would be the 4th most expensive of 7 comparable homes on the market comparable homes currently on the market in 78657. The 1977 construction puts this home 13 years older than the comp average, a factor in the pricing. At 0.03 acres, the lot is smaller than the 0.23 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78657, listed between $725,000 and $1,899,999. In 78657, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 124 Tee Off, Horseshoe Bay TX 78654, adjusting to $391,272; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group