505 Liberty DR, Liberty Hill TX 78642

After reviewing 7 recent transactions in 78642, I estimate this property's value at $418,252. A competitive list price for this home right now would fall in the $334,000 to $344,000 range. Buyers shopping in 78642 right now would see this as a well positioned option among 7 comparable homes. At 28 years older than typical comps, the 1993 build date influences the valuation. The larger lot (4.10 acres versus the area average of 0.53) contributes to the valuation. The active market in 78642 includes 7 comparable homes priced from $329,000 to $850,000. Prices in 78642 have fallen 4.2% over the last 6 months. A similar home at 280 RR RNCH # 1869, Liberty Hill TX 78642 carries an adjusted comparable value of $684,609, providing a strong data point. With 7 comparable sales in 78642, 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