Based on what similar homes have actually sold for within a mile, I'd place this property's value at $493,261. I'd recommend coming to market at $534,000 to $539,000 to strike the right balance between value and market velocity. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in SANTA RITA RANCH. Being 115 sqft larger than the average comparable sale in this area impacts the per square foot value. Built in 2015, this home is 8 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in SANTA RITA RANCH, listed between $430,000 and $623,000. The trend in SANTA RITA RANCH shows prices have fallen 0.2% in the past 6 months. 108 Peggy DR, Liberty Hill TX 78642 nearby adjusts to $426,245; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only.
Ed Neuhaus, Neuhaus Realty Group
