Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $353,184. To generate strong buyer interest while maximizing value, I'd price this between $402,000 and $407,000. In the current 78642 market with 6 similar homes available, this price represents the most affordable of 6 comparable homes on the market. The 2012 construction puts this home 7 years newer than the comp average, a factor in the pricing. At 0.17 acres, the lot is smaller than the 0.48 acre comp average, which factors into pricing. 6 similar homes are currently available in 78642, creating a buyer's market for this price range. The trend in 78642 shows prices have fallen 0.9% in the past 6 months. 459 Drystone TRL, Liberty Hill TX 78642 nearby adjusts to $316,962; a strong comparable. 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
