401 Summerwood DR, Liberty Hill TX 78642

After reviewing 7 recent transactions in SARATOGA SPGS, I estimate this property's value at $388,940. A competitive list price for this home right now would fall in the $377,000 to $401,000 range. This home's position in the current SARATOGA SPGS market: the most affordable of 4 comparable homes on the market among comparable properties. Being 379 sqft larger than the average comparable sale in this area impacts the per square foot value. The smaller lot (1.06 acres versus the area average of 1.19) contributes to the valuation. Current inventory shows 4 comparable homes in SARATOGA SPGS; a buyer's market based on recent absorption. Prices in 78642 have fallen 2.7% over the last 6 months. A similar home at 106 Augusta Place DR, Liberty Hill TX 78642 carries an adjusted comparable value of $331,292, providing a strong data point. With 7 comparable sales in SARATOGA SPGS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group