618 Pecan Creek DR, Horseshoe Bay TX 78657

After reviewing 3 recent transactions in OAK RIDGE ESTATES, I estimate this property's value at $349,457. A competitive list price for this home right now would fall in the $211,000 to $221,000 range. This home's position in the current OAK RIDGE ESTATES market: the 2nd least expensive of 7 comparable homes on the market among comparable properties. At 10 years newer than typical comps, the 1988 build date influences the valuation. The larger lot (0.66 acres versus the area average of 0.46) contributes to the valuation. Right now, 7 similar properties are competing for buyers in OAK RIDGE ESTATES, listed between $189,000 and $1,200,000. Prices in 78657 have fallen 11.5% over the last 6 months. A similar home at 1603 Purple Sage, Horseshoe Bay TX 78657 carries an adjusted comparable value of $265,687, providing a strong data point. With 3 comparable sales in OAK RIDGE ESTATES, 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