5100 Lookout Ridge DR, Marble Falls TX 78654

Reviewing the most recent comparable transactions, this home's market value falls around $712,879. For a well positioned listing in LOOKOUT RIDGE, I'd target the $805,000 to $815,000 range. Against 3 similar active listings in LOOKOUT RIDGE, this price point lands at the most affordable of 3 comparable homes on the market. This home's smaller footprint (327 sqft vs the comp average) plays a role in how the market prices it. The 2010 construction puts this home 7 years newer than the comp average, a factor in the 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 risen 9.4% since 6 months ago. The most comparable recent sale is 2405 Founders CIR, Spicewood TX 78669, with an adjusted value of $493,660; 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