1100 The Cape RD # 803, Horseshoe Bay TX 78657

After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $275,340. Pricing this home between $129,000 and $139,000 would put it in the competitive sweet spot for CAPE TERRACE. This home's position in the current CAPE TERRACE market: the 4th most expensive of 7 comparable homes on the market among comparable properties. At 8 years newer than typical comps, the 1986 build date influences the valuation. The smaller lot (0.02 acres versus the area average of 0.15) contributes to the valuation. With 7 similar homes currently listed in CAPE TERRACE (a buyer's market), competition is a factor to consider. Market data shows 78657 prices fallen 12.3% over the last half year. The closest comparable sale, 2513 Diagonal #D, Horseshoe Bay TX 78657 at an adjusted $508,141, is a strong comparable. The comp data here (5 sales in CAPE TERRACE) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus