Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $460,472. To generate strong buyer interest while maximizing value, I'd price this between $342,000 and $352,000. With 7 comparable homes on the market in CARRINGTON RANCH, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. At 341 sqft smaller than the typical comp, the size difference factors into the valuation. At 1.10 acres, the lot is smaller than the 1.47 acre comp average, which factors into pricing. The active market in CARRINGTON RANCH includes 7 comparable homes priced from $364,900 to $1,925,000. The trend in 78642 shows prices have fallen 1.2% in the past 6 months. 50 Rock House DR, Liberty Hill TX 78642 nearby adjusts to $484,825; with a smaller floor plan. 7 comparable transactions in CARRINGTON RANCH support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value.
Ed Neuhaus, Broker/Owner | Neuhaus Realty Group
