5100 Lookout Ridge DR, Marble Falls TX 78654

Reviewing the most recent comparable transactions, this home's market value falls around $809,338. For a well positioned listing in LOOKOUT RIDGE, I'd target the $1,041,000 to $1,081,000 range. Against 3 similar active listings in LOOKOUT RIDGE, this price point lands at the most expensive of 3 comparable homes on the market. This home's smaller footprint (498 sqft vs the comp average) plays a role in how the market prices it. At 2.79 acres, the lot is larger than the 1.01 acre comp average, which factors into pricing. 3 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 21.3% since 6 months ago. The most comparable recent sale is 2405 Founders CIR, Spicewood TX 78669, with an adjusted value of $493,520; 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