602 Los Escondidos ST, Marble Falls TX 78654

The estimated value of this property is $829,067, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $672,000 and $682,000. In the current SOUTH SHORE ACRES market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. This home's larger footprint (666 sqft vs the comp average) plays a role in how the market prices it. Built in 1970, this home is 31 years older than the average comp, which is reflected in the adjustments. Current inventory shows 2 comparable homes in SOUTH SHORE ACRES; a buyer's market based on recent absorption. Recent trends in 78654 show home values have fallen 21.8% since 6 months ago. The most comparable recent sale is 2701 Park View DR, Marble Falls TX 78654, with an adjusted value of $481,527; with a smaller floor plan. Based on 7 relevant data points in SOUTH SHORE ACRES, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX