587 Red Rock Ranch, Red Rock TX 78662

The market data from 3 similar recent sales in 78662 points to a value of approximately $630,901. To sell within a reasonable timeframe at fair market value, the $663,000 to $710,000 range is where I'd position this. Against 3 similar active listings in 78662, this price point lands at the 2nd most expensive of 3 comparable homes on the market. At 25.27 acres, the lot is larger than the 15.59 acre comp average, which factors into pricing. With 3 similar homes currently listed in 78662 (a buyer's market), competition is a factor to consider. In 78662, home values have fallen approximately 8.5% over the past 6 months. One of the strongest data points is 914 Sand Hills RD, Red Rock TX 78662, adjusting to $709,654; with a larger floor plan. 3 comparable transactions in 78662 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group