500 Oleander DRS, Marble Falls TX 78654

Reviewing the most recent comparable transactions, this home's market value falls around $684,180. For a well positioned listing in SHADY ACRES, I'd target the $424,000 to $434,000 range. At this price, the property would be the 2nd most expensive of 4 comparable homes on the market comparable homes currently on the market in SHADY ACRES. At 341 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.45 acres, the lot is larger than the 0.31 acre comp average, which factors into pricing. Current inventory shows 4 comparable homes in SHADY ACRES; a buyer's market based on recent absorption. Recent trends in 78654 show home values have fallen 8.7% since 6 months ago. The most comparable recent sale is 119 Robin RD, Marble Falls TX 78654, with an adjusted value of $873,437; a strong comparable. The 7 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