220 Spence LN, Liberty Hill TX 78642

The market data from 7 similar recent sales in NORTHGATE RANCH points to a value of approximately $996,140. To sell within a reasonable timeframe at fair market value, the $847,000 to $857,000 range is where I'd position this. At this price, the property would be the 2nd least expensive of 4 comparable homes on the market comparable homes currently on the market in NORTHGATE RANCH. Being 1,504 sqft larger than the average comparable sale in this area impacts the per square foot value. At 1.06 acres, the lot is larger than the 0.87 acre comp average, which factors into pricing. 4 similar homes are currently available in NORTHGATE RANCH, creating a buyer's market for this price range. In 78642, home values have fallen approximately 3.5% over the past 6 months. One of the strongest data points is 321 Wellborn RD, Liberty Hill TX 78642, adjusting to $1,050,718; with a smaller floor plan. 7 comparable transactions in NORTHGATE 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