1100 The Cape RD # 403, Horseshoe Bay TX 78657

My analysis of 7 comparable properties puts this home's estimated value at $515,916. Based on how the local market is moving, a list price between $306,000 and $316,000 would position this home well. This home's position in the current CAPE TERRACE market: the most expensive of 2 comparable homes on the market among comparable properties. This home's smaller footprint (1,033 sqft vs the comp average) plays a role in how the market prices it. The smaller lot (0.02 acres versus the area average of 0.37) contributes to the valuation. 2 similar homes are currently available in CAPE TERRACE, creating a buyer's market for this price range. The 6 month price trend in 78657: fallen 13.2%. The best comp here is 405 Short Circuit # 2, Horseshoe Bay TX 78657 at an adjusted value of $323,176, with a larger floor plan. With 7 comparable sales in CAPE TERRACE, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group