The market data from 7 similar recent sales in KINGSRIDGE points to a value of approximately $678,011. To sell within a reasonable timeframe at fair market value, the $857,000 to $1,416,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in KINGSRIDGE. Being 1,196 sqft larger than the average comparable sale in this area impacts the per square foot value. The 2004 construction puts this home 8 years newer than the comp average, a factor in the pricing. There are currently 3 similar homes on the market in KINGSRIDGE, ranging from $825,000 to $2,150,000. In 78639, home values have risen approximately 99.3% over the past 6 months. One of the strongest data points is 112 Cypress Shore LN, Kingsland TX 78639, adjusting to $1,416,392; with a larger floor plan and a pool. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group