The market data from 3 similar recent sales in PARADISE COVE points to a value of approximately $1,207,591. To sell within a reasonable timeframe at fair market value, the $585,000 to $595,000 range is where I'd position this. Among the similar homes currently available in PARADISE COVE, this price point stands out as competitive. This home's smaller footprint (1,260 sqft vs the comp average) plays a role in how the market prices it. The 2004 construction puts this home 10 years older than the comp average, a factor in the pricing. With 3 similar homes currently listed in PARADISE COVE (a buyer's market), competition is a factor to consider. In 78654, home values have fallen approximately 16.7% over the past 6 months. One of the strongest data points is 23633 Lakeside DR, Marble Falls TX 78654, adjusting to $1,144,423; with a larger floor plan. The 3 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime.
Ed Neuhaus, Neuhaus Realty Group