703 Pheasant MDW, Liberty Hill TX 78642

The market data from 5 similar recent sales in RIO ANCHO points to a value of approximately $731,822. To sell within a reasonable timeframe at fair market value, the $710,000 to $754,000 range is where I'd position this. At this price, the property would be the most affordable of 3 comparable homes on the market comparable homes currently on the market in RIO ANCHO. At 205 sqft larger than the typical comp, the size difference factors into the valuation. The 2011 construction puts this home 7 years older than the comp average, a factor in the pricing. Current inventory shows 3 comparable homes in RIO ANCHO; a balanced market based on recent absorption. In RIO ANCHO, home values have fallen approximately 4.5% over the past 6 months. One of the strongest data points is 504 Pheasant MDW, Liberty Hill TX 78642, adjusting to $675,410; with a smaller floor plan. 5 comparable transactions in RIO ANCHO support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group