540 RIVER RUN # 302, New Braunfels TX 78132

After reviewing 7 recent transactions in 78132, I estimate this property's value at $538,337. A competitive list price for this home right now would fall in the $495,000 to $569,000 range. This pricing would rank the home as the most expensive of 2 comparable homes on the market in 78132's current inventory. At 526 sqft smaller than the typical comp, the size difference factors into the valuation. The larger lot (3.11 acres versus the area average of 1.44) contributes to the valuation. With 2 similar homes currently listed in 78132 (a buyer's market), competition is a factor to consider. Prices in 78132 have risen 26.3% over the last 6 months. A similar home at 540 River RUN # 101, New Braunfels TX 78132 carries an adjusted comparable value of $479,490, providing a strong data point. 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