5100 Lookout Ridge DR, Marble Falls TX 78654

Reviewing the most recent comparable transactions, this home's market value falls around $846,546. For a well positioned listing in LOOKOUT RIDGE, I'd target the $722,000 to $732,000 range. Against 1 similar active listings in LOOKOUT RIDGE, this price point lands at above the only comparable home currently on the market. This home's smaller footprint (443 sqft vs the comp average) plays a role in how the market prices it. At 2.79 acres, the lot is larger than the 2.65 acre comp average, which factors into pricing. 1 similar homes are currently available in LOOKOUT RIDGE, creating a buyer's market for this price range. Recent trends in 78654 show home values have fallen 25.7% since 6 months ago. The most comparable recent sale is 2405 Founders CIR, Spicewood TX 78669, with an adjusted value of $493,480; 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