2500 Fault Line, Horseshoe Bay TX 78657

The estimated value of this property is $510,727, based on 7 comparable sales within a mile. In today's market, I'd bring this home to market somewhere between $605,000 and $717,000. Against 5 similar active listings in HORSESHOE BAY WEST, this price point lands at the 3rd most expensive of 5 comparable homes on the market. At 494 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 2019, this home is 11 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 5 comparable homes in HORSESHOE BAY WEST; a buyer's market based on recent absorption. Recent trends in HORSESHOE BAY WEST show home values have fallen 0.5% since 6 months ago. The most comparable recent sale is 107 Lachite # 6, Horseshoe Bay TX 78657, with an adjusted value of $437,305; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group