After adjusting 5 comparable sales for differences in size, age, and features, this home's estimated value is $599,851. Pricing this home between $412,000 and $422,000 would put it in the competitive sweet spot for HORSESHOE BAY PROPER. Relative to what's currently available in HORSESHOE BAY PROPER, this home would be the most expensive of 4 comparable homes on the market. At 119 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (0.36 acres versus the area average of 0.30) contributes to the valuation. Right now, 4 similar properties are competing for buyers in HORSESHOE BAY PROPER, listed between $399,000 and $1,250,000. Market data shows HORSESHOE BAY PROPER prices fallen 7.3% over the last half year. The closest comparable sale, 118 Longhorn, Horseshoe Bay TX 78657 at an adjusted $413,222, is with a smaller floor plan. With 5 comparable sales in HORSESHOE BAY PROPER, 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
