The comparable sales data (7 recent transactions in RIVER ESTATES) supports an estimated value of $798,188. The data suggests a list price between $697,000 and $707,000 would attract qualified buyers without leaving money on the table. Relative to what's currently available in RIVER ESTATES, this home would be the most expensive of 3 comparable homes on the market. Lot size matters here: 10.10 acres versus 3.82 for the typical comp. Current inventory shows 3 comparable homes in RIVER ESTATES; a buyer's market based on recent absorption. Prices in 78642 have fallen 2.3% over the last 6 months. A similar home at 200 Little River RD, Liberty Hill TX 78642 carries an adjusted comparable value of $1,151,218, providing a strong data point. This estimate draws on 7 comparable sales, offering a reliable picture of market value. That said, this is a data only estimate. A walkthrough could change the picture. Want a detailed analysis for a home you're considering? I'm happy to help.
Ed Neuhaus
