311 Lookout DR, Liberty Hill TX 78642

Based on 6 closed sales in 78642, the data points to a value around $652,963 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $412,000 to $422,000. Relative to what's currently available in 78642, this home would be the most expensive of 3 comparable homes on the market. Being built in 1986 (13 years older than comps) is factored into the value estimate. Lot size matters here: 5.07 acres versus 3.91 for the typical comp. Right now, 3 similar properties are competing for buyers in 78642, listed between $389,900 and $1,299,999. Market data shows 78642 prices fallen 2.5% over the last half year. The closest comparable sale, 496 Spoonts LN, Liberty Hill TX 78642 at an adjusted $644,139, is with a smaller floor plan. The strength of this estimate comes from 6 directly comparable sales in 78642. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group