1601 Backbone RDG, San Marcos TX 78666

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $1,029,313. To generate strong buyer interest while maximizing value, I'd price this between $1,265,000 and $1,304,000. Against 5 similar active listings in BLANCO VALLEY RANCHES, this price point lands at the 2nd least expensive of 5 comparable homes on the market. The 2004 construction puts this home 5 years newer than the comp average, a factor in the pricing. At 19.02 acres, the lot is larger than the 12.33 acre comp average, which factors into pricing. Current inventory shows 5 comparable homes in BLANCO VALLEY RANCHES; a buyer's market based on recent absorption. The trend in 78666 shows prices have fallen 12.8% in the past 6 months. 140 Oak Terrace DR, Wimberley TX 78676 nearby adjusts to $1,265,009; with a larger floor plan. 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