Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $538,939. To generate strong buyer interest while maximizing value, I'd price this between $322,000 and $332,000. With 7 comparable homes on the market in CARRINGTON RANCH, this price positions the property as the most expensive of 7 comparable homes on the market. At 1.10 acres, the lot is smaller than the 2.13 acre comp average, which factors into pricing. The active market in CARRINGTON RANCH includes 7 comparable homes priced from $335,900 to $1,925,000. The trend in 78642 shows prices have fallen 3.9% in the past 6 months. 50 Rock House DR, Liberty Hill TX 78642 nearby adjusts to $484,508; 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
