2505 Otter WAY, New Braunfels TX 78132

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $1,200,573. Pricing this home between $872,000 and $882,000 would put it in the competitive sweet spot for 78132. This pricing would rank the home as the most expensive of 3 comparable homes on the market in 78132's current inventory. At 189 sqft larger than the typical comp, the size difference factors into the valuation. The larger lot (2.15 acres versus the area average of 1.24) contributes to the valuation. Current inventory shows 3 comparable homes in 78132; a buyer's market based on recent absorption. Market data shows 78132 prices risen 13.9% over the last half year. The closest comparable sale, 464 Paradise HLS, New Braunfels TX 78132 at an adjusted $1,579,038, is with a smaller floor plan. With 7 comparable sales in 78132, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group